A $1.5B AI unicorn just collapsed, and there was no AI.
$CGPT #builderaiscandel Builder.ai raised nearly half a billion dollars from Microsoft, SoftBank, and QIA by claiming it used AI to build apps. Turns out, it was just outsourced devs manually writing code.
$AIXBT #TradingTypes101 The company faked the tech, inflated revenue, and somehow kept the illusion going for 8 years. Now they’ve laid off 100% of staff and entered insolvency.
$VANA One of the biggest AI scams yet and a brutal reminder to look behind the curtain.
#CEXvsDEX101