YieldTrust.ai and Its Owners, Stefan, Are Facing Enforcement Actions From Security Regulators

YieldTrust.ai and its owners, Stefan, are facing enforcement actions from security regulators in Montana, Texas, and Alabama who alleged that the platform is operating a Ponzi scheme. An audit of YieldBot's smart contract by an independent firm found it to be dangerous as the deploying team retained sufficient control to block users from withdrawing their assets. The regulator's statements highlighted that Scammers are taking advantage of the hype surrounding AI to deceive investors.