Binance Accuses AI Chatbot Of Smear Campaign

Binance, the world’s largest cryptocurrency exchange, has claimed to be the target of a smear campaign in Washington D.C. based on artificial intelligence chatbot, ChatGPT. The company told Fortune that it has received numerous requests in recent weeks asking if Binance’s founder, Changpeng Zhao, was an official in the Chinese Communist Party (CCP).

Congressional Inquiries

These requests have come from various sources, including congressional offices. On Thursday, there was a flurry of inquiries from congressional offices, which prompted Binance to issue a statement denying any affiliation with the CCP. The statement emphasized that the company operates independently and is not controlled by any government or political party.

Binance has also accused ChatGPT of being behind the smear campaign. ChatGPT is an AI chatbot developed by OpenAI that is capable of generating human-like responses to questions. Binance claims that the chatbot has been programmed to spread false information about the company and its founder, Changpeng Zhao.

In response, OpenAI has denied any involvement in the alleged smear campaign. The organization released a statement stating that ChatGPT is an open-source project and that they have no control over how it is used. The statement also emphasized that OpenAI does not condone the use of its technology for malicious purposes.


Concerns over CCP Influence

The accusations against Binance and its founder come amid growing concerns about the influence of the CCP in the cryptocurrency industry. The Chinese government has been cracking down on cryptocurrency trading and mining in recent months, citing concerns about financial stability and energy consumption.

Binance has been operating in China for several years and has faced scrutiny from Chinese regulators in the past. However, the company has been able to continue operating by moving its operations to other countries and establishing offshore entities.

The allegations against Binance and its founder, Changpeng Zhao, have yet to be substantiated. However, the company’s statement and the response from OpenAI highlight the growing concern over the use of AI and other technologies for malicious purposes.