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Binance Claims to be Target of Smear Campaign Using ChatGPT in Washington D.C.

Cointime Official

According to a recent report by Fortune Magazine, Binance, one of the world's largest cryptocurrency exchanges, claims to be the target of a smear campaign in Washington D.C. allegedly orchestrated by an unknown individual or group using the ChatGPT language model.

Binance believes that the campaign is an attempt to damage its reputation and hinder its business operations in the United States. The report notes that the use of AI-generated text to spread disinformation or propaganda is a growing concern for businesses and governments alike, as the technology becomes more advanced and widely available.Binance has reportedly hired a public relations firm to investigate the source of the campaign and protect its reputation.

Unknown parties spread rumors that Binance's CEO, Changpeng Zhao, is tied to the Chinese Communist Party (CCP) using fabricated information from ChatGPT. The rumors were spread to congressional offices, citing a conversation from ChatGPT as evidence of Zhao's connections to the CCP. Binance was able to reproduce the conversation and found that the evidence cited was from fake pages that did not exist. Binance has been previously questioned about its ties to China, but this incident is novel due to the use of AI as the main source of rumors.

Patrick Hillmann, Chief Strategy Officer of Binance, expressed his frustration on Twitter regarding a particularly unusual inquiry. He thanked Fortune Magazine for investigating the matter and expressed a desire for someone to uncover the identity of the person or group behind the inquiry. No further details were provided regarding the nature of the inquiry or the entity Hillmann represents.

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