Financial regulators in five U.S. states have ordered the AI-driven cryptocurrency project TruthGPT to cease all activities
ChainCatcher news, financial regulators from five states including Texas have issued an emergency stop order regarding TruthGPT, labeling the project as an investment scam.
The Texas Securities Commission stated that the token uses images of figures such as Elon Musk, Changpeng Zhao, and Vitalik Buterin to promote the investment scam, claiming to use machine learning to predict future cryptocurrency prices, and involves offering unregistered or unlicensed securities to Texas residents. The project is operated by Horatiu Caragaceanu, The Shark of Wall Street, and Hedge4.ai. (source link)
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