In the past 24 hours, the crypto industry has been rocked by a surge in fake tokens branded as DeepSeek AI chatbot. This phenomenon occurred after the Chinese artificial intelligence company, DeepSeek, suddenly went viral on various social media platforms.
According to data from BlockAid, as of January 27, 2025, there were 75 fake tokens launched under the name DeepSeek. This phenomenon occurred after DeepSeek released the latest version of its artificial intelligence (AI) application on January 20, which immediately shot to the top of the download charts on the App Store.
DeepSeek has become a hot topic in cyberspace, especially on the X platform. The AI model developed by this company is said to be able to compete with OpenAI's ChatGPT, although the development costs are claimed to be much cheaper, only around US$6 million. This figure is in stark contrast to the costs of up to tens of millions of US dollars spent by large technology companies from the United States to develop similar models.
Previously, DeepSeek itself had made a statement that the company "has never issued any crypto tokens." They also reminded users to remain vigilant and avoid scams in the name of DeepSeek.
DeepSeek has not issued any cryptocurrency. Currently, there is only one official account on the Twitter platform. We will not contact anyone through other accounts. Please stay vigilant and guard against potential scams.
— DeepSeek (@deepseek_ai) January 10, 2025
Citing a Cointelegraph report on January 27, there were at least two fake DeepSeek-branded tokens that attracted significant attention, with one of the tokens reaching a market cap of US$48 million before plummeting, while the other recorded a market cap of US$13 million. $D $ACT $AIXBT
