China Issues Warning on DeepSeek Scams Targeting Investors
Chinese authorities have issued a warning about scams related to the DeepSeek blockchain project. Key points include:
- Fraudsters posed as developers, promoting a fake investment platform using DeepSeek technology.
- Scammers distributed malicious DeepSeek applications, posing security risks to users.
- Victims were misled into believing they could earn over 10,000 yuan ($1,373) monthly.
- A tutorial sold for 39.9 yuan ($5.5) contained mostly publicly available material.
- Fake "monetization training camps" charged up to 399 yuan ($55) for worthless courses.
- Scammers created fake DeepSeek communities and promoted a non-existent cryptocurrency, DeepSeekCoin.
- In January, DeepSeek clarified it had no association with any cryptocurrency.
- Malicious apps under various names spread malware, accessing sensitive data and complicating uninstallation.
- Authorities expect an increase in similar scams as AI applications gain popularity.
Users are advised to verify sources before engaging in AI-related investments and to be cautious of suspicious applications.