After DeepSeek Clarified It Has Not Issued Virtual Currencies, Prices of Some Counterfeit Tokens Quickly "Hit Zero"

On the same day that DeepSeek officially clarified that it "has never issued any virtual currency," the prices of several counterfeit DeepSeek tokens quickly plummeted to zero. Multiple virtual currencies named “DeepSeek,” “DeepSeekAI,” “DeepSeekR1,” and others have now seen trading cease.

Among the many fake DeepSeek tokens, one counterfeit token named “Seek” was launched on January 28. Before the crash, its market capitalization had reached $48 million. Security firm BlockAid reported that 75 fake DeepSeek tokens have been created on the Ethereum and Solana networks, with a total scam amount of 420 million RMB.

Lawyers warn that issuers of such virtual currencies may have malicious motives, such as misleading investors, making quick profits, and evading regulations. Additionally, these virtual coin projects often have small market sizes, making them easy to manipulate, and their value can rapidly decline or crash. Once investors are "scammed," it is difficult to trace the responsible individuals or entities behind the project.