{"id":554513,"date":"2023-02-21T08:48:57","date_gmt":"2023-02-21T05:48:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bingchatgpt-pump-dump-tokens-emerging-by-the-dozens-peckshield\/"},"modified":"2023-02-21T08:48:57","modified_gmt":"2023-02-21T05:48:57","slug":"bingchatgpt-pump-dump-tokens-emerging-by-the-dozens-peckshield","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bingchatgpt-pump-dump-tokens-emerging-by-the-dozens-peckshield\/","title":{"rendered":"# BingChatGPT &#8216;pump &#038; dump&#8217; tokens  emerging by the dozens: Peckshield"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2920917820a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2920917820a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bingchatgpt-pump-dump-tokens-emerging-by-the-dozens-peckshield\/#%E2%80%9D_BingChatGPT_%E2%80%98pump_dump_tokens_emerging_by_the_dozens_Peckshield_%E2%80%9C\" >&#8221; BingChatGPT &#8216;pump &#038; dump&#8217; tokens  emerging by the dozens: Peckshield &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BingChatGPT_%E2%80%98pump_dump_tokens_emerging_by_the_dozens_Peckshield_%E2%80%9C\"><\/span>&#8221; BingChatGPT &#8216;pump &#038; dump&#8217; tokens  emerging by the dozens: Peckshield &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Blockchain security firm Peckshield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT.<\/p>\n<p>In a Feb. 20 post, the firm revealed at least three &#8220;BingChatGPT&#8221; tokens <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be part of honeypot\u00a0schemes \u2014 a smart contract that tricks a user into sending Ethereum (ETH), which the attacker then traps and retrieves. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/8533b698-4cc1-4cd4-8718-416a8cc15a0c.JPG\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Some of the addresses reportedly associated with the BingChatGPT tokens. Source: PeckShield<\/em><\/figcaption><\/figure>\n<p>According to Peckshield, at least two of the tokens identified have already lost nearly 100% of their value, while a third is at a 65% loss \u2014 in what is often referred to as a \u201cpump and dump\u201d scheme or \u201crug pull.\u201d<\/p>\n<p>A pump-and-dump scheme typically involves the creators orchestrating a campaign of misleading statements and hype to persuade investors into purchasing tokens, then secretly selling their stake in the scheme when prices go up.\u00a0<\/p>\n<p>At least one of the bad actors behind the tokens, &#8220;Deployer 0xb583,&#8221; is responsible for creating &#8220;dozens of tokens with a pump &amp; dump scheme,\u201d said Peckshield.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> PeckShield has detected dozens of newly created <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BingChatGPT?src=hash&amp;ref_src=twsrc%5Etfw\">#BingChatGPT<\/a> tokens, of which 3 appear to be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/honeypots?src=hash&amp;ref_src=twsrc%5Etfw\">#honeypots<\/a> &amp; 2 have high sell tax. 2 of them have already dropped over -99%.<br \/>Deployer 0xb583 has already created dozens of tokens with a pump &amp; dump scheme <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/AI?src=hash&amp;ref_src=twsrc%5Etfw\">#AI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ChatGPT?src=hash&amp;ref_src=twsrc%5Etfw\">#ChatGPT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/merQikuslk\">pic.twitter.com\/merQikuslk<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1627630644510744576?ref_src=twsrc%5Etfw\">February 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While PeckShield did not explain why the bad actors are using the name BingChatGPT for their tokens, the scammers could be trying to take advantage of the Feb. 7 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tomsguide.com\/news\/live\/microsoft-chatgpt-event\">announcement<\/a> that OpenAI&#8217;s ChatGPT tech is being integrated into Bing and Microsoft&#8217;s web browser Edge. <\/p>\n<p>The token&#8217;s name might be an attempt to trick victims into thinking they are somehow related to Microsoft and take advantage of the hype around AI chatbots. <\/p>\n<p>Blockchain analytics firm Chainalysis recently noted in a Feb. 16 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-pump-and-dump-schemes\/\">report<\/a> that nearly 10,000 new tokens launched in 2022 had all the on-chain characteristics of being pump-and-dump schemes.<\/p>\n<p>According to the Blockchain analytics firm, 1.1 million tokens were launched last year, but only 40,521 had an &#8220;impact on the crypto ecosystem,&#8221; with at least ten swaps over four consecutive days of trading in the week following their launch. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/2ec0aab9-5e2d-4e1b-8217-906ece250c4c.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>An example of a crypto pump and dump scheme. Source: Chainalysis<\/em><\/figcaption><\/figure>\n<p>&#8220;Of the 40,521 tokens launched in 2022 that gained sufficient traction to be worth analyzing, 9,902, or 24%, saw a price decline in the first week indicative of possible pump and dump activity,&#8221; the firm said.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Wormhole hacker moves another $46M of stolen funds<\/em><\/strong><\/p>\n<p>While a price drop on its own is not an indication of wrongdoing on the part of token creators, the firm noted that it examined 25 in particular and found &#8220;they were almost certainly designed for a pump and dump,&#8221; and had malicious honeypot code that prevents new buyers from selling the token. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bingchatgpt-pump-dump-tokens-emerging-by-the-dozens-peckshield\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BingChatGPT &#8216;pump &#038; dump&#8217; tokens emerging by the dozens: Peckshield &#8220; Blockchain security firm Peckshield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT. In a Feb. 20 post, the firm revealed at least three &#8220;BingChatGPT&#8221; tokens appear to be part of honeypot\u00a0schemes&#8230;<\/p>\n","protected":false},"author":1,"featured_media":554514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/500990ee-167a-49fa-915b-0580c7f0d27d.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,74868,74882,74892,70375,71101],"class_list":["post-554513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-defi","tag-hacks","tag-tokens","tag-cybersecurity","tag-scams"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=554513"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/554514"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=554513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=554513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=554513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}