Binance says ChatGPT was used to Falsely Accuse CEO Changpeng Zhao of Communist Ties

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Binance says ChatGPT was used to Falsely Accuse CEO Changpeng Zhao of Communist Ties

ChatGPT falsely accuse Changpeng Zhao – According to a report from Fortune on May 1, someone is utilizing ChatGPT by feeding it false information to blame CZ for ties with the Chinese Communist Party (CCP).

According to an executive, the United States Congressional Office and other various parties were convinced that Binance CEO Changpeng Zhao (CZ) was part of the group. A spokesperson for the crypto exchange giant said that inquiries were made by these parties asking if CZ created a social media platform for China National Petroleum Corporation (CNPC).  He also claims several questions regarding CZ’s affiliation with the Chinese Communist Party were asked.

According to Binance CSO, Patrick Hillman, further investigations showed that OpenAI’s ChatGPT didn’t say CZ was a communist, but rather it suggested that the co-founder worked with CNPC and cited “sources.”

Apparently, these sources included a CZ impersonated account on Linkedin and also a 2018 article on Forbes that no longer exists. Patrick Hillman went on to share the logs of the ChatGPT conversations on his Twitter account.


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The chatlog clearly states that in the 1990s, CZ was part of the Youth League Committee of the China National Petroleum Corporation (CNPC). Furthermore, it claimed that Zhao was a software developer for the Corporation.

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In the conversation, ChatGPT cited an article on Forbes titled “Crypto King, Meet the Quiet Crypto Crusader With [a] $700 Million War Chest.” According to the said article, CZ talked about his experience working with CNPC and also how it helped him become an entrepreneur. However, this article no longer exists.

Hillman further wrote on the thread We can’t find any evidence of this story nor the LinkedIn page ever existing.” 


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Binance and similar accusations

Binance has previously been faced with similar accusations in the past. One of its executives, Guangying Chen was accused of being an agent of the Chinese government which CZ went on to deny in September 2022.

The Financial Times published an article on March 29 2023 after it claimed to have insight on various internal Binance documents that suggest that the exchange giant hid their presence in China.

What sets today’s incident apart is the fact that AI was the tool leveraged to spread false news. “Bad actors” will misuse AI just like any new technology Hillman further stated.

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Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.