Binance, the world’s largest cryptocurrency exchange, is facing a reported AI-powered disinformation campaign from ChatGPT. According to Patrick Hillmann, Binance’s Chief Strategy Officer, when the exchange attempted to replicate the conversation with a series of queries, this was unfruitful until they directly referred to the state-run petroleum corporation. Then the AI program provided false information, stating founder Changpeng Zhao had a hand in creating the social media platform for the China National Petroleum Corp. while he was still in secondary school.
Binance has refuted these claims, stating that this information was absolutely preposterous. This is the latest concerning news with regards to the exchange, which has been embroiled in controversy over its alleged ties to the Chinese Communist Party which have been denied by the exchange numerous times in the past.
Binance is one of the most prolific cryptocurrency exchanges on the market today. They are renowned for their 0.1% trading fees, their two-factor authentication security system and their commitment to constant development and expansion to new markets. The platform currently offers more than 500 different trading pairs and supports multiple languages for the convenience of a global user base.
Changpeng Zhao, better known as CZ, is the founder and CEO of Binance. Despite only founding the company back in 2017, CZ’s success in the industry has been unparalleled as he has established Binance as one of the largest crypto exchanges in the world. He is an advocate of decentralisation and believes that the future of cryptocurrency will be free of government control, allowing individuals to be in control of their own money. His success in the crypto game has seen him rewarded with awards such as “Best ICO Advisor” and “Person of the Year in Blockchain”.
