- Humanized AI is accused of running an exit scam.
- The project collected ETH worth thousands of dollars from investors.
- The project’s online platforms are missing.
Humanized AI (HMZ), an ambitious crypto project that aims to “enhance AI technology to help it understand and replicate human-like perceptions,” has stirred exit scam fears after going dark on all its online platforms.
A crypto exit scam happens when unethical developers of a project disappear with investors’ funds during or after an Initial Coin Offering (ICO) and abandon the project completely. In Humanized AI’s case, ETH worth hundreds of thousands of dollars are feared to be missing.
Humanized AI Flagged for Potential Fraud
According to a March 7 alert issued by blockchain security firm Cyvers, Humanized AI shut down its Twitter (X) account and website on Thursday after reportedly collecting 173 ETH (about $665,000) from investors during a one-month sale event.
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Before going dark, the Humanized AI team reportedly introduced a “quantify-to-earn” mechanism, rewarding users with HMZ tokens in exchange for their input and participation in the project. The team later invited users to a token presale during the project’s operational phase.
Following today’s development, Humanized AI distributed the project’s HMZ token on decentralized finance (DeFi) platforms and transferred them to a specific wallet address labeled 0xef46843A7E115C8A9a85EcfC3328eFDFAD1BCc99.
The alert, which referred to it as an “exit scam project,” noted that the Humanized AI team deposited the $665,000 on the automated crypto exchange eXch.
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The sequence of the events and the missing funds have raised red flags within the crypto community, raising questions about the integrity and legitimacy of the project. As of press time, the X account and website for Humanized AI were still unavailable.
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