Binance Allegedly Attacked by ChatGPT’s False Information

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Key takeaways:

  • Binance  challenged ChatGPT’s assertions that CZ was an affiliate of the China National Petroleum Corporation.
  • This revelation comes after a flood of inquiries from various sources about Changpeng Zhao’s involvement with the Chinese Communist Party.

Binance, the biggest cryptocurrency exchange in the world, is now seeing the effects of the ChatGPT-led AI breakthrough. According to Binance, a campaign of misinformation has been initiated against the platform using artificial intelligence.

The business also claimed that a campaign of misinformation against it was being launched using artificial intelligence. The cryptocurrency exchange told Fortune magazine that it had gotten requests wondering if Changpeng Zhao was a part of the Chinese Communist Party.

Over the past few days, there have reportedly been a large number of inquiries from congressional offices regarding CZ and his relationship to the China National Petroleum Corporation (CNPC).

ChatGPT didn’t claim that CZ was a communist when Binance looked into the matter, but based on chief strategy officer Patrick Hillman, the AI bot indicated that the co-founder collaborated with CNPC and provided “sources.” It appears that it was based on a phoney LinkedIn page pretending to be CZ as well as a deleted Forbes article from 2018.

The chief strategy officer of Binance, Patrick Hillman, recently blasted ChatGPT for disclosing the chat’s information. On social media, Binance posted a link to the ChatGPT discussion and urged cryptocurrency and AI aficionados to examine it in more detail. Closer inspection revealed that the fictitious Forbes article and fabricated LinkedIn profile had no basis in reality, further discrediting the assertion.

CZ was a participant in the China National Petroleum Corporation (CNPC) Youth League committee, according to details of a conversation between Hillman and ChatGPT. According to the search outcome provided by the AI tool, CZ was a member of CNPC while employed by the company in the 1990s as a “software developer.”

Binance stated that the claim made by ChatGPT concerning Zhao’s affiliation in a state-run oil firm is absurd given that he was in middle school at the time, despite fiercely rejecting any connection with the Chinese Communist Party over a prolonged amount of time. 

 Numerous organisations have requested safeguards against the spread of misinformation by such tools because AI’s capacity to produce false or misleading information has the potential to harm people and organisations in real ways. 

Additionally, this is not the first time that Chatgpt has been directly highlighted in the context of the cryptocurrency world. 

PeckShield discovered dozens of fraudulently created BingChatGPT tokens in February. Scammers distributed over 170 tokens under the name ChatGPT on decentralised exchanges like Uniswap and PancakeSwap.

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Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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