An anonymous developer has successfully created a viral ETH-20 token using an AI chatbot, leading to concerns about cybersecurity. The developer utilized ChatGPT, an AI bot developed by OpenAI, to carry out various online tasks through text commands. Since its launch in late 2022, ChatGPT has sparked a race among numerous companies to develop AI chatbots.
On September 20, 2023, the anonymous Ethereum developer shared their real success story, explaining how they utilized both ChatGPT and self-created code to develop ETH-20 tokens following Open Zeppelin standards. Under the guidance of ChatGPT, the developer designed the token’s name and other parameters.
Within just 24 hours, the token gained significant popularity, with its current trade price soaring by 14%. Additionally, the token has achieved a whopping trade volume of $12 million, an impressive feat for a new meme token launched without any support from private institutions.
While companies compete to develop advanced AI chatbots and enhance online activities’ efficiency, cybersecurity concerns have also escalated. Bad actors are actively participating in the race, leveraging AI technology for cybercrimes. They are creating fake audio and video clips, including deep fake videos, to easily deceive victims. Cybersecurity firms warn that these bad actors are utilizing chatbots to develop new trojans and viruses for hacking computers or conducting cyberattacks.
Recently, we reported on a Chinese app that provided paid services for creating deep fake videos featuring real-life individuals. Unfortunately, this app was misused by several bad actors. These incidents highlight the growing challenges posed by technological advancements and the need for robust cybersecurity measures.
As the demand for AI chatbots continues to rise, it is crucial to recognize the potential risks and prioritize cybersecurity. While AI brings numerous benefits, it is equally crucial to address the negative aspects and take proactive steps to safeguard cyberspace.
The ETH-20 token’s success story serves as a testament to the power of AI in driving innovation and capturing market attention. However, this achievement also serves as a reminder that cybersecurity must be at the forefront of technological advancements to prevent malicious activities and protect individuals, organizations, and networks.
In the race for AI development, it is essential to strike a balance between progress and security. Companies must invest in robust cybersecurity measures to detect and mitigate potential threats. By prioritizing cybersecurity, we can fully harness the transformative potential of AI technology while safeguarding against its misuses.
The development and success of the viral ETH-20 token demonstrate the immense possibilities offered by AI chatbots. However, it is crucial to remain vigilant and address the rising cybersecurity concerns associated with technological advancements. Only through collective efforts can we ensure a secure and promising future in the AI era.
