Attackers capitalise on GPT-4 hype with crypto scam

By Dylan Bushell-Embling
Friday, 24 March, 2023

Attackers capitalise on GPT-4 hype with crypto scam

Scammers have taken advantage of the hotly anticipated launch of OpenAI’s GPT-4 with a phishing campaign aimed at cryptocurrency enthusiasts, according to Tenable.

The security company found that a day after the launch of the new generative AI platform, scammers began sending phishing emails and tweeting phishing links about a fictional OpenAI crypto token.

The phishing email falsely claims that GPT-4 is only available for people with the non-existent OpenAI token, which aligns with OpenAI’s choice to initially limit GPT-4 access to ChatGPT Plus subscribers and developers, Tenable said.

In addition to the email, the scammers are using compromised Twitter accounts to promote the fraudulent GPT coin.

The scam attempts to redirect victims to a phishing website designed to mimic the OpenAI website and convince victims to sign up to “claim” the fraudulent tokens. But once connected, the phishing website is capable of stealing all the legitimate cryptocurrency tokens in a user’s wallet. Once these tokens are transferred, the likelihood of recovery is slim to none.

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