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Supposed AI-Based Crypto Token Using Elon Musk's Image Targeted by Texas Securities Board

Five U.S. states are ordering TruthGPT Coin promoters to cease and desist using images of Elon Musk, Changpeng Zhao and Vitalik Buterin to promote what they describe as an investment scam.

Regulators say Elon Musk's image was used to promote a scam. (Daniel Oberhaus/Flickr)
Regulators say Elon Musk's image was used to promote a scam. (Daniel Oberhaus/Flickr)