AI created fake news about the resignation of Gary Gensler

Garry Gensler-min
Garry Gensler-min

The widespread news about the resignation of the chairman of the US Securities and Exchange Commission (SEC) Gary Gensler turned out to be a fake generated by artificial intelligence. It is reported by Cointelegraph.

On June 1, a report appeared on the CryptoAlert website that Gensler was leaving his post after the start of an “internal investigation.” An anonymous official from the department was named as the source of information.

However, the ZeroGPT AI detector showed that 96.8% of the article was generated using a neural network.

Results of ZeroGPT analysis on CryptoAlert text. Data: Cointelegraph.

The project website also looks like it was recently created. It published 17 materials, the first of which is dated June 22. According to the analysis, most of the news is also generated by AI by at least 70%.

The ownership of the “” domain was updated on June 24 at 4:30 pm, according to the Wayback Machine Internet Archive.

Despite dubious sources and the text of the material itself, a number of accounts reposted the article on Twitter. The most popular publication from WhaleChart garnered over 1.6 million views.

On June 3, Fox Business journalist Charles Gasparino dispelled the rumors. He stated that the SEC press service denied Gensler’s resignation.

Data: Twitter.

Many market participants have been prophesying and seeking the dismissal of the head of the Commission for a long time.

In April, Congressman Warren Davidson proposed a bill that would see Gensler step down from office. The reason was the chairman’s intention to revise the definition of “exchange”, which caused a wave of criticism from representatives of the crypto industry.

Recall that the head of the SEC also faced harsh criticism from Republicans regarding the agency’s position regarding digital assets during hearings in the House of Representatives.

In June, a bill was introduced in the US Congress to fire Gary Gensler.

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