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# Crypto Bettors Shed More Than $100 Million on DeepSeek-Inspired Deceptive Digital Assets
DeepSeek, a Chinese AI upstart, lately created a stir in the US marketplace, but here’s the surprise: they didn’t introduce any digital currency.
That didn’t prevent dubious individuals from profiting on DeepSeek’s excitement. They inundated the marketplace with fraudulent digital assets asserting connections to the AI enterprise.
Recall those Trump and Melania-centered coins? This is the identical strategy.
These sham DeepSeek digital assets attracted throngs of crypto speculators desiring to get wealthy quickly.
Oz Tamir, a research expert at Blockaid, highlighted how rapidly fraudsters pounce on trending subjects.
The business even issued a caution on their X account.
*DL News* explored the blockchain information of dozens of these bogus digital assets and discovered that financiers have shed at least $100 million since Monday.
Most of these digital assets observed an initial surge in worth before plummeting as their makers discarded their possessions.
Blockaid informed *DL News* that at least 75 malicious DeepSeek digital assets emerged on Monday, tripling the quantity from the prior day.
Tamir observed that numerous of the identical participants involved in the Trump-centered frauds are back at it once more.
* Deficits from these meme coin collapses maintain increasing.
* Fraudsters introduced a load of DeepSeek-themed coins commencing Monday.
The increase of platforms like pump.fun, which permits anyone to create digital assets without programming, has made it simpler than ever to introduce these frauds. Pump.fun is even confronting a US legal action for supposedly breaching securities guidelines.
But these DeepSeek-themed coin makers aren’t simply adhering to meme coins.
Oh, my gosh, those backers were scammed! They invested a minimum of eight million dollars in a meme-based cryptocurrency that was feigning a connection to Dean Norris, you’re familiar with him, Hank from “Breaking Bad.” It turns out it was a complete fraud. That’s painful! Toncoin (TON) Value Forecast for March 26th
