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Market News

Rumors Spread: AI-Generated Fake News Targets Gensler

Based on the investigation, it has been determined that Gary Gensler is not currently resigning.

Written By Pawan Surya Pawan Surya
Published 2023-07-03·Updated 2 months ago
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Rumors Spread: AI-Generated Fake News Targets Gensler

As the July month commenced, false rumors regarding the resignation of Gray Gensler, the chairman of the United States Securities and Exchange Commission (SEC) circulated within the crypto market. Notably, this time around, the influence of artificial intelligence seems to be intertwined with these rumors. 

On July 1, a news story surfaced on a website called “thecryptoalert.com,” alleging that SEC chair Gray Gensler had tendered his resignation. The article claimed that this decision came as a result of an internal investigation and attributed the information to an unidentified official.

However, upon further investigation, it was discovered that the article’s text obtained an exceptionally high score of 96.8% on the AI detection tool known as ZeroGPT. This notable score suggests a substantial presence of AI-generated text within the article. 

It is worth noting that the website in question appears to be relatively new, having published a total of 17 posts thus far, with the earliest one dating back to June 22nd. Furthermore, a majority of these articles seem to heavily rely on artificial intelligence, as all of them scored around 70% on ZeroGPT. 

AI detector result showing 96.81% AI-generated text
AI detector result showing 96.81% AI-generated text

Interestingly, despite these findings, several Twitter accounts reposted the article’s content. Among them, the most widely circulated post regarding this topic originated from the account WhaleChart. 

BREAKING:

Anonymous official at the SEC has reportedly disclosed that chairman Gary Gensler is going to resign following an internal investigation.

— WF (@WhaleFUD) July 2, 2023

Adding to the discussion, on July 3, Charles Gasparino, a reporter from Fox Business Network, confirmed via Twitter that Gary Gensler is not resigning.  Gasparino reached out to the SEC for verification and received confirmation from them regarding Gensler’s ongoing position. 

Also Read: Winklevoss Exposes SEC’s Disastrous Decade for US Investors

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Artificial Intelligence (AI)
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By Pawan Surya
Pawan, a technical writer and trader with 2+ years in crypto, excels in market analysis, blockchain, and research. He creates detailed, value-driven articles on diverse crypto topics.

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