DGPT: Multi-million dollar fraud uncovered, shaking the “investment” landscape.

DGPT is a potentially dangerous platform that claims to combine cryptocurrencies and Artificial Intelligence, but in reality, it is a deceptive scheme that requires an initial investment and lacks transparency.

Provides a platform for users to contribute resources and earn cryptocurrency
Claims to support AI development and advancement
Allows for participation from a variety of devices, including smartphones

Since cryptocurrencies started gaining traction in the market, there has been a significant increase in schemes exploiting them. Now, as Artificial Intelligence (AI) experiences a similar surge, some are attempting to combine these two ideas in a way that could pose a risk to users.

Enter DGPT, a platform that presents itself as a decentralized computing framework. While it claims to have altruistic intentions and aims to support AI, it should be considered dangerous for most users. The basic idea behind DGPT is that users can contribute resources from their systems, such as CPU and GPU processing power, to assist with AI-related tasks. Essentially, users provide their equipment and processing capacity to help AI companies train their models.

In return, the platform rewards users with small amounts of cryptocurrency, which increase as users contribute more to the network. DGPT claims that this assistance can be provided from virtually any device, including computers, Laptops, servers, and even smartphones. However, at the moment, the platform only offers applications for Android and iOS.

This raises some pertinent questions. While smartphones do have processors, their processing power is relatively limited compared to the demands of AI training. Additionally, most companies that train AI models use dedicated systems for this purpose, both for security reasons and to have greater control over the hardware requirements for such activities. A smartphone is not only inefficient but, in certain cases, incapable of processing any concrete data from AI models. This immediately raises concerns about the viability of this approach.

The application that users need to download for Android and iOS is available on the website. There is no way to download it from the Google Play Store or Apple App Store, which also raises questions about its legitimacy.

Currently, the platform is only available by invitation, and the exact method of obtaining an invitation is unknown. However, users who have gained access to the platform report that an initial investment is required to perform the necessary “processing” activities. The platform claims that profits double or triple after the first month. This scheme is quite common among platforms that aim to deceive users and engage in fraudulent activities, enticing them to invest in promises that ultimately do not materialize.

The idea behind DGPT is to create a decentralized network capable of processing advanced AI models using ordinary systems like smartphones. However, all indications suggest that this is a scheme designed to deceive users into investing in a platform where only the “owners” will reap the rewards.

Various Telegram groups have mentioned this new platform, including one associated wallet with the code USTD: TTg8xZWZriXUmEeWTCZiJcuTXTU2GoSSSS. At its peak, this wallet held over $3 million, with daily revenues exceeding $300. This indicates a growing wave of users joining the platform and making investments. However, almost all funds in the wallet have since been transferred to a second wallet, amounting to over $2.5 million. This appears to be a money laundering activity.

In addition to the fact that a simple smartphone lacks the necessary hardware capabilities for training AI models, there is always an initial investment required to truly use the platform. Furthermore, there is almost no information available about the entity behind DGPT, its administrators, or internal structure. Lastly, there is an unknown application with potentially malicious content that could lead to other attack vectors on the devices where it is installed.

As with any investment platform, caution is advised, and projects should be thoroughly analyzed. In the case of DGPT, it is recommended that users steer clear, as it appears to be a clear case of a scheme taking advantage of current buzzwords.

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