Pig-Butchering

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Chinese Gangs Use ChatGPT To Defraud US Real Estate Agents In 'Pig-Butchering' Crypto Scams, Call It 'Really Efficient': Report - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
Benzingaยท 2025-09-16 11:42
Core Insights - OpenAI's ChatGPT is being exploited by Chinese-led criminal gangs in Asia to defraud U.S. real estate agents through a scam known as "pig-butchering" [1][2][5] Group 1: Scam Operations - Scammers, including a rescued individual named Okindo, were forced to use ChatGPT to create deceptive messages aimed at convincing Americans to invest in fraudulent cryptocurrency schemes [2][4] - The operation targeted U.S. real estate agents, with scammers posing as wealthy investors on property websites like Zillow to lure victims [3][4] - The assigned goal for scammers was to persuade at least two real estate agents daily to deposit money for non-existent investments while maintaining communication with at least 10 "clients" [4] Group 2: AI Misuse and Industry Response - The incident highlights the increasing concern regarding the misuse of AI in fraudulent activities, prompting OpenAI to actively work on identifying and disrupting such scams [5][6] - Industry leaders, including OpenAI's CEO Sam Altman, have warned about the potential threats posed by AI to financial security, emphasizing the risk of AI outsmarting current authentication methods [6] - In response to rising AI fraud risks, tech companies like Google are implementing advanced AI models to detect and block fraudulent websites in real-time, enhancing security measures [7]