PANews reported on January 28 that as the Chinese artificial intelligence company DeepSeek became popular, malicious "DeepSeek" cryptocurrency tokens surged in the past 24 hours.

According to security firm BlockAid, as of January 27, at least 75 related scam tokens have been created, a threefold increase from the previous day. This is similar to the surge in fake tokens after US President Trump released the Meme coin on January 18.

According to BlockAid research analyst Oz Tamir, scammers have built a DApp that mimics the DeepSeek website, which has a "Connect Wallet" button that can steal user wallet funds after clicking it. (Cointelegraph)