AI Cryptocurrency ‘TruthGPT’ Says It Was Created By Satoshi Nakamoto And Elon Musk

A cryptocurrency touting itself as the latest artificial intelligence solution, TruthGPT, stated that it was created by Satoshi Nakamoto, the late creator of bitcoin.

Furthermore, as surreal as the “alphabet soup” may seem, its creators claimed that Satoshi teamed up with billionaire Elon Musk to create the supposed innovation.

To round out the heavyweight team, Ethereum creator Vitalik Buterin and even Binance CEO CZ appeared as TRUTH co-founders.

It is worth remembering that, in the literal translation, ‘truthmeans true, but the project strayed far from its main concept when it was caught in blatant lies.

Satoshi Nakamoto, Vitalik, CZ and Elon Musk founded TruthGPT cryptocurrency? US authorities prosecute project and order to stop lying

Of course, a strong team like the one mentioned in the project could achieve great achievements if they worked together. However, the clan never came close to unionizing to create a new currency.

It is worth remembering that Satoshi Nakamoto disappeared in 2010, that is, he would hardly resurface and already formed an alliance to create a cryptocurrency like TruthGPT.

In addition to using the image of big personalities associated with the cryptocurrency market, $TRUTH also tried to capitalize on the fame of ChatGPT. Bought by Microsoft, the solution has sparked curiosity around the world.

However, the authorities in the state of New Jersey, in the United States, became aware of the scam going on over the internet and issued a warning against TruthGPT. After calling those responsible, the site was removed from access by North Americans, although it is still possible to access the coup in other countries.

Pursuant to the Cease and Desist Order, Defendants misrepresent Elon Musk’s endorsement of the TruthGPT Coin and manipulate animated avatars and images of Elon Musk to falsely demonstrate their endorsement.

In addition, the crypto project falsely shows the involvement of several other public figures.

For example, as alleged, the TruthGPT Coin website was deceptively designed to create the illusion that Changpeng “CZ” Zhao (the founder and CEO of Binance), Vitalik Buterin (the founder of Ethereum), and Satoshi Nakamoto (the creator of Bitcoin) are part of the TruthGPT ecosystem, although they are not.

The site even plans to include a communication platform that will allegedly allow users to interact with it and other public figures.

According to Attorney General Platkin, culprits have linked AI to rapid cryptocurrency revenues.

“These culprits make it seem like using artificial intelligence is a foolproof get-rich-quick scheme. But they underestimate the risks associated with investing and can harm investors and their savings.”

Serial scammers created fake cryptocurrency

Preliminary investigations by the New Jersey Bureau of Securities also indicated that the scam is behind some known scammers.

As claimed in the filing, respondents have a history of participating in multiple initial coin offerings (ICOs), wagering tokens on the Ethereum and Binance Smart Chain blockchains.

Through websites and social media, they released information about the profitability of these tokens, claiming that an initial offering was linked to a “Money Generating Artificial Intelligence Lab,” which supposedly had the potential to generate a 1000x increase in value. They also informed investors that gambling on these tokens could result in even bigger profits of up to 2,000% per year.

However, contrary to these claims, the tokens previously offered by the respondents never saw a significant increase in price and never arrived on major centralized cryptocurrency exchanges. Currently, the fair market value of each token is $0.00.

Scheme recruiters must respond through scams

TruthGPT Coin and the other investments mentioned in the filing are not registered for sale in New Jersey. So the plan must seek the identities of those involved in order to legally blame them.

In addition, promoters and recruiters “Horatiu Charlie Caragaceanu”, “The Shark of Wall Street” and “Hedge4.ai” have no registrations as dealers or agents. That is, they must also account for the unusual fraud.

Finally, it is worth remembering that strong promises of rapid enrichment are scams, be it cryptocurrencies or artificial intelligence.

Source: Live Coins

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