Elon Musk's Name Misused In 'Artificial Intelligence Investment Scam' — Shut Down By Texas Authorities

The tokens were marketed online through avatars portraying Musk and other well-known industry figures who are not connected to the project. For example, the website for TruthGPT Coin (truthgptc.com) is allegedly designed to create the appearance that Changpeng "CZ" Zhao, the founder and CEO of Binance, and Vitalik Buterin, the founder of Ethereum, are part of the ecosystem." TruthGPT Coin was presented as an AI-powered cryptocurrency investment advisor, powered by Elon Musk AI. Why It Matters: However, while Musk has previously talked about creating a TruthGPT AI tool, it does not involve a token and is not connected in any way to the TruthGPT Coin cited in the order.