On April 27th, Jin10 Data reported that a flight from Dallas, USA to Tokyo, Japan was canceled by Japan Airlines because the captain of the flight got drunk at a hotel in the United States and received a warning from the local police. The flight was originally scheduled to depart at 11:05 am local time on Wednesday, carrying 157 passengers. Many ticket holders were subsequently transferred to flights operated by American Airlines.

PANews reported on April 26 that, according to Cointelegraph, U.S. securities regulators filed a lawsuit against Geosyn Mining and its co-founders, accusing them of defrauding investors of $5.6 million by misrepresenting the number of Crypto Assets Mining Rig they operated, while misappropriating customer funds for personal consumption. The U.S. SEC Corporation (SEC) filed a lawsuit in federal court in Fort Worth, Texas, on April 24, alleging that Geosyn, its CEO Caleb Joseph Ward, and former head of operations, Jeremy George McNutt, defrauded about 64 investors between November 2021 and December 2022 through a service protocol as a sale of securities. The SEC alleges that the protocol who paid to buy and run the Crypto Assets Mining Rig on behalf of their customers "falsely claimed" that Geosyn had a cheap energy contract with a power supplier, when in reality the cost was "up to 40-50 percent" higher than the rates they had told its customers, and that they also lied to investors about Geosyn's operations, which had contracted a service protocol to purchase 1,400 Mining Rig, but failed to purchase 400 of them, and " Never bring longest purchased mining rigs online"; Protocol to Geosyn's protocol, which told investors that they could choose the Crypto Assets they wanted to mine, the company refused to mine requests for any other Crypto Assets other than Bitcoin; the company paid investors Bitcoin proceeds to make them "believe that their mining rigs are running and profitable, when they are not" and produced "fake documents" containing "fabricated mining productivity and profits"; the duo embezzled about $1.2 million of investor funds for personal consumption such as dining, nightclubs, vacations, Firearms, watches, and legal fees, among others. The SEC also said the duo also used other $22,000 in investor funds to purchase breath testing equipment, as well as expenses related to the arrest and conviction of the duo and Geosyn employees for drunk driving during the June 2022 Crypto Assets conference.

Chris Burniske, the former head of crypto business at Ark Invest and now a partner at Placeholder VC, said in an article on the X platform that he still believes that the market will go down to a bottom that exceeds most people's expectations...... There have been too many "drunk" people in the market over the past month and it will take time for them to come to their senses. Burniske added that he doesn't think Bitcoin will bottom out until at least $30,000-36,000, or even fall below $30,000 ("mid-to-high 20s", referring to the middle and high positions of the $20,000 range), after which Bitcoin will start moving towards breaking through new all-time highs (ATH). Burniske continues to predict that if this happens, other coins will fall more than Bitcoin. Previously, Burniske had predicted a short-term Bitcoin high on the first day of trading for ETFs.

According to The Paper, the person in charge of Wenxin Yiyan directly "blame" iFLYTEK's attributing the sharp drop in stock price to "a generative AI spreading false news". On the evening of May 24, Zhang Quanquan, head of the marketing department of Baidu Wenxin Yiyan, responded through the circle of friends, "I heard that some friends and merchants blamed the sharp drop in their stock prices on someone who used Wenxin Yiyan to write a small essay on a proposition. Drunk. Let’s not talk about whether the small composition is true or not (at present, it seems that there are too many traces of planning), if AI composition has this ability, wouldn’t it be good for Baidu employees to speculate on their own stock price first?” Zhang Quanquan said bluntly, China It is not easy to develop one's own large-scale model technology. Focus on the real business, ask friends and businessmen to solve their own problems, and don't touch others at every turn. He also stated that legal measures will be taken against unwarranted malicious smears.