Web3 Firm’s Press Release Scammed into Bloomberg as ChatGPT-style Auto-Scrape

BlockGPT, a Web3 firm, has confirmed that it has carried out a rug pull, stealing $256,000 in pre-sale funds. The recently launched blockchain security firm, which claimed to create an artificial intelligence system on the blockchain, has been confirmed as a scam by CertiK. According to PeckShield, over 800 BNB raised in a presale contract have been deposited into Tornado Cash. Bloomberg has been criticized for not having a proper disclaimer after a paid press release of BlockGPT made it to its website without a clear indication that it was a paid press release. Blockfence, a security aggregation provider, tweeted that Bloomberg should have a larger disclaimer for pure scam projects. OpenAI’s ChatGPT has led to an increase in scammers who aim to benefit from using wording and domain names that appear related to the site. Researchers observed a 910% increase in monthly domain registrations related to ChatGPT, a 7,818% growth of related squatting domains from DNS Security logs, and a surge to 118 daily detections of ChatGPT-related malicious URLs captured from the traffic seen in its Advanced URL Filtering system.