Binance, a renowned crypto-exchange platform, has recently become the victim of a malicious campaign orchestrated by AI-powered ChatGPT. The automated chatbot disseminated false information claiming association of Binance’s founder, Changpeng Zhao, with the Chinese Communist Party. Consequently, numerous congressional offices put in requests regarding CZ’s connection with the China National Petroleum Corporation (CNPC).
The malicious information was derived from a fake LinkedIn profile and a made-up Forbes article. Patrick Hillmann, the Chief Strategy Officer of Binance, voiced that there was no factual basis to the claims. He then took to Twitter to further warn against the dangers of AI-driven chatbots, emphasizing that malicious actors can exploit the technology in order to profiteer or gain political leverage.
AI chatbots have been an incredibly popular innovation over the past year, albeit with a few alarming hiccups. Back in November, Google’s AI chatbot, Bard, made a terrible blunder, claiming that the James Webb Space Telescope took the first pictures of a planet outside of the solar system. Because of the damages that false information could cause to organizations and individuals, terms of safety have been drawn up by the Biden administration, in the form of a “bill of rights.” The National Institute of Standards and Technology backed this precept by providing voluntary guardrails to companies wishing to safely tact the technology.
Ultimately, Binance is a cryptocurrency exchange created to provide secure platforms for trading digital assets. It currently holds a leading spot in the cryptocurrency industry, as judged by the performance of its native token Binance Coin (BNB). Changpeng Zhao (CZ) is the CEO and founder of the company. He has a considerable reputation, having made a name for himself with his company BijieTech back in 2013. CZ is also seen as a leader in terms of business innovation, having made many experiments and breakthroughs in the cryptocurrency space.
