Securities regulators from Montana, Texas, and Alabama filed a lawsuit against the cryptocurrency trading website YieldTrust.ai. AI has become much more well-known since the 30 November debut of ChatGPT AI by AI research company OpenAI. The cryptocurrency trading platform YieldTrust.ai is being sued by securities authorities from Montana, Texas, and Alabama for perpetrating a Ponzi […]
The regulators claim YieldTrust failed to show investors “any proof” that the AI-driven bot even existed.
The deploying team “retained sufficient control to block users from withdrawing their assets,” according to the state regulators. The regulators also proclaimed that an independent firm that audited YieldBot’s smart contract found it to be dangerous. Since the 30 November launch of the ChatGPT chatbot by research firm OpenAI, AI has gained significantly more notoriety, accessibility, and hype.
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