Web3 bug bounty platform Immunefi has been inundated with ChatGPT-generated web3 security reports since OpenAI launched the tool in November, according to a new report.

Immunefi said the bug reports seemed genuine initially, but on closer inspection, none of the submissions managed to discover any real vulnerabilities. The underlying claims in the reports were “nonsensical,” submitted by individuals “totally lacking in web3 security skills who were hoping that web3 bug bounty hunting would be as easy as entering in some ChatGPT prompts,” Immunefi added.

Permanent bans that Immunefi placed on any accounts found using the tool now account for 21% of all banned accounts.

“The industry must thoroughly assess every tool it plans on including in its security arsenal. At the moment, ChatGPT …