DeepSeek Token Scam Traps Investors, Over 75 Bogus Coins Found
Ironically, DeepSeek itself never published an official cryptocurrency. Its popularity, however, has given fraudsters an easy opening to carry out their activities. One bogus token even had a market valuation of $48 million before it crashed
Scammers launched at least 75 bogus DeepSeek tokens, misleading investors despite the platform having no official cryptocurrency.
Cybercriminals created fake DeepSeek websites to steal user credentials, exploiting registration glitches and open-source AI vulnerabilities.
Imagine discovering, after looking at a potential investment, that it is all a scam. This is what happened to dozens of crypto coins passing for DeepSeek, a rising Chinese artificial intelligence company. At least 75 bogus tokens have surfaced on several platforms since January 27, 2025, resulting in major losses—over $100 million lost to investors.
Ironically, DeepSeek itself never published an official cryptocurrency. Its popularity, however, has given fraudsters an easy opening to carry out their activities. One bogus token even had a market valuation of $48 million before it crashed, depriving many investors of their money in a few hours.
