After DeepSeek clarified the unissued virtual currency, the prices of some counterfeit tokens rapidly "dropped to zero."

ChainCatcher news, according to Sina Finance, on the same day that DeepSeek officially clarified that it "has never issued any virtual currency," the prices of some counterfeit DeepSeek tokens rapidly "went to zero." Multiple virtual currencies named "DeepSeek," "DeepSeekAI," "DeepSeekR1," and others have now seen their trading "halted."

Among the many fake DeepSeek tokens, there is a fraudulent DeepSeek token named "Seek," which was launched on January 28. Before the crash, its market value had reached 48 million USD. Security company BlockAid reported that 75 fake DeepSeek tokens have been created on the Ethereum and Solana networks, with a total fraud amounting to 420 million RMB.

Lawyers remind that the issuers of such virtual currencies may have malicious motives such as confusing the public, making quick profits, and evading regulation. At the same time, the "market" for these virtual currency projects is very small, making them easy to manipulate, and their value may rapidly decline or go to zero. Once investors are "harvested" by the project parties, it is difficult to trace the specific responsible individuals or entities.