The Texas State Securities Board has joined a number of state regulators issuing stop and desist orders in opposition to Horatiu Charlie Caragaceanu and his organizations The Shark of Wall Road and Hedge4.ai for selling two cryptocurrencies known as TruthGPT Coin and Elon Musk AI Token. The orders are aimed toward curbing what they are saying is a fraudulent securities scheme that’s making an attempt to benefit from the rising buzz round synthetic intelligence (AI).
TruthGPT Coin is marketed as a cryptocurrency that makes use of an AI system known as Elon Musk AI. The AI mannequin is supposedly in a position to look at a variety of digital belongings, predict future cryptocurrency values, and separate worthwhile investments from fraudulent ones. The events concerned are additionally selling TruthGPT Coin as a really worthwhile enterprise, even claiming that it could possibly improve in worth by a staggering 10,000 occasions.
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