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Social media platform X revoked API access for InfoFi apps that used AI to generate spam and low-quality content, disrupting the crypto community. The ban led to immediate shutdowns of products like Kaito's Yaps and Cookie DAO's Snaps, causing sharp declines in related crypto token values.[AI generated]
Why's our monitor labelling this an incident or hazard?
The event involves AI systems generating large volumes of spam and fake engagement on a social media platform, which has led to market disruption and harm to the crypto community. The AI-generated content and automated bots are directly linked to the harms described. The platform's revocation of API access is a mitigation response but does not negate the fact that harm has occurred. Hence, this qualifies as an AI Incident due to realized harm caused by AI-generated content and automated activity affecting communities and property (crypto tokens).[AI generated]