Scam tokens surge as DeepSeek AI goes viral
Malicious “DeepSeek” tokens have surged in the past 24 hours, underscoring scammers’ mobility in reacting to current events.
Malicious “DeepSeek” crypto tokens have surged over the past 24 hours as the Chinese AI company goes viral.
According to data from security firm BlockAid, at least 75 scam tokens were created as of Jan. 27, representing a threefold jump from the previous day. This mirrors the spike in fake tokens released after US President Donald Trump released his memecoin on Jan. 18.
DeepSeek launched the latest version of its AI app on Jan. 20, quickly going viral and rising to the top of the Apple app store. Along with it has come an unfortunate turn: a proliferation of scam tokens seeking to capitalize on the company’s success.
According to Oz Tamir, research analyst at BlockAid, scammers have already set up a decentralized application (DApp) that mimics the website of DeepSeek, with a “Connect Wallet” button that, when clicked, could potentially drain the crypto user’s wallet. Tamir noted that this DApp highlights the sophistication of these scams and the need for users to be vigilant.
Scam tokens impersonating DeepSeek skyrocketed. Source: BlockAid
Related: Trump memecoins boost ‘crypto’ Google searches to 3-year high
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Author: Christopher Tepedino
