The decentralized application Harvest Keeper, whose developers promised a return of 101% in 21 days, suddenly stopped working. The team escaped with about $1 million worth of user assets.

The creators of Harvest Keeper lured users with stories about the use of “artificial intelligence technology” based on ChatGPT to optimize trading and generate significant profits. Having collected $933,000 worth of assets from users, the developers made a traditional “exit scam” and fled with the money.

According to CertiK, another $219,000 of assets were withdrawn from user wallets on the Ethereum, Binance Smart Chain and Polygon networks as a result of an ice phishing attack. When investing in Harvest Keeper smart contracts, the application requested full access to the client’s wallet. As a result, the developers were able to withdraw additional funds directly from the wallets of gullible victims.

The exact number of Harvest Keeper developers affected by the fraud is not yet known. The project has nearly 30,000 followers on Twitter and over 32,000 followers on the Telegram channel.

According to the FBI, the number of cryptocurrency fraud cases in 2022 increased by 183%, to $2.57 billion. In 2021, the volume reached $907 million.