Cryptocurrency Frauds for Dummies: How ChatGPT introduces us to fraud?

TL;DR

This paper investigates how ChatGPT can be manipulated to facilitate cryptocurrency frauds, highlighting risks, ethical concerns, and the importance of responsible use of large language models in digital currency contexts.

Contribution

It demonstrates methods to influence ChatGPT outputs for fraudulent purposes and emphasizes the need for ethical deployment of LLMs in cryptocurrency environments.

Findings

ChatGPT can be manipulated to generate fraudulent content.

Prompt engineering can bypass ethical safeguards.

Risks of LLMs enabling novice fraudsters.

Abstract

Recent advances in the field of large language models (LLMs), particularly the ChatGPT family, have given rise to a powerful and versatile machine interlocutor, packed with knowledge and challenging our understanding of learning. This interlocutor is a double-edged sword: it can be harnessed for a wide variety of beneficial tasks, but it can also be used to cause harm. This study explores the complicated interaction between ChatGPT and the growing problem of cryptocurrency fraud. Although ChatGPT is known for its adaptability and ethical considerations when used for harmful purposes, we highlight the deep connection that may exist between ChatGPT and fraudulent actions in the volatile cryptocurrency ecosystem. Based on our categorization of cryptocurrency frauds, we show how to influence outputs, bypass ethical terms, and achieve specific fraud goals by manipulating ChatGPT prompts. Furthermore, our findings emphasize the importance of realizing that ChatGPT could be a valuable instructor even for novice fraudsters, as well as understanding and safely deploying complex language models, particularly in the context of cryptocurrency frauds. Finally, our study underlines the importance of using LLMs responsibly and ethically in the digital currency sector, identifying potential risks and resolving ethical issues. It should be noted that our work is not intended to encourage and promote fraud, but rather to raise awareness of the risks of fraud associated with the use of ChatGPT.