Fraud wave amid DeepSeek’s success: how fakes flooded the crypto market

Chinese artificial intelligence model DeepSeek, which has become extremely popular, has sparked not only interest in the market, but also a surge in fraudulent activity. According to Blockaid, many fake tokens have appeared on cryptocurrency platforms posing as official DeepSeek assets.

A lot of fake tokens have appeared on cryptocurrency platforms.

How scammers are capitalizing on DeepSeek’s popularity:

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• Fake tokens: Attackers are creating fake cryptocurrencies purportedly related to DeepSeek. The capitalization of one such token on the Sui platform has already reached $397 million, although it is not related to the company.
• Phishing sites: Fraudsters are developing sites that mimic official DeepSeek resources. On them, users are offered to link cryptocurrency wallets or enter seed phrases, which leads to the theft of funds.
• Phishing sites: Scammers are developing sites that mimic official DeepSeek resources.
• Pre-order schemes: Under the guise of early access to tokens, users enter their wallet details, losing control over their assets.

Experts recommend checking the legitimacy of resources and avoid entering personal data on dubious sites.