The CEO of the largest crypto exchange Binance warned subscribers that he had nothing to do with the AlphaGPT cryptocurrency project and was hearing about it for the first time.

Changpeng Zhao tweeted that he didn’t know anything about AlphaGPT until he saw a spam comment mentioning his name and Binance. The CEO explained that in this way the bots send spam using multiple accounts.

AlphaGPT bills itself as a cryptocurrency project that uses advanced artificial intelligence (AI) technology to simulate profitable trading strategies. Amid heated discussions about AlphaGPT, industry security experts have urged users to be vigilant and do their own due diligence before investing in a project. Experts urged potential investors to be wary of projects that promise big profits. The cryptocurrency market is known for its volatility, so any project that guarantees a profit can turn out to be a scam.

Zhao recently revealed that the number of Binance users has surpassed 150 million.