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83% Positive

Analyzed from 1495 words in the discussion.

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#tokens#etc#credits#data#market#startup#model#world#more#https

Discussion (29 Comments)Read Original on HackerNews

Aurornis•about 2 hours ago
The original article linked in the opening has more context https://vectoral.com/blog/token-relay-market

People trading their unused credits feels more genuine, although still in violation of the agreements. The person who got into YC Startup School who was trying to resell the $2500 of credits was interesting. It wouldn’t be that hard for OpenAI to identify the IP addresses of the relays and start flagging accounts, tracing it back to the source. Risking burning your bridges with YC for a relatively small profit is a questionable decision.

The original article showed discounts ranging all the way up to 98%. At those levels it’s obviously not people reselling anything. It’s either sourced from stolen API keys, bought with stolen credit cards, or acquired through automated sign up of trial accounts if you’re actually getting the API you request.

I would expect a lot of them are reselling a different API. Sign up for Anthropic tokens and get Deepseek responses instead.

judge2020•2 minutes ago
Another part of the discount is that Claude Max 20x is $200 but gives usage equivalent to thousands of dollars worth of API-based token spend.

But also, they only need to make an overall profit including kickbacks from the companies purchasing token history for distillation.

vb-8448•23 minutes ago
Wait a sec, I have to trust a third party with basically no reputation, did I get it right?

It's basically asking for being hacked and/or sending you private data to random email addresses! Neither at a 99% discount I'd do it.

I understand if someone, for any reason, cannot access a specific model ... But nowadays, there are so many alternatives that even this doesn't make sense any more.

Aurornis•14 minutes ago
I expect most of the use to be for bulk data processing or desperate founders who don't care, not for agentic coding use at promising startups.

If your startup needs to run a million records of something, especially public data, through an LLM to extract the data you need, using bootleg tokens to shrink the bill starts feeling tempting.

If you're concerned about the data leaking, the biggest risk is that the API backends are quietly routing your requests to a cheaper model. You might be trying to buy Opus tokens but get Deepseek Flash responses.

vb-8448•6 minutes ago
> to run a million records of something, especially public data, through an LLM to extract the data you need

Maybe this make sense, but anyway I have to pay a lot of attention at the output I get. Eg: who guarantees there is no prompt/sql injection? Especially if I have to load the output in some internal system.

veganmosfet•about 1 hour ago
The reseller could use an intermediate proxy and modify the traffic like in [1], to get control of the client machine - depending on the harness permissions.

TLS terminates at the proxy (say, https://reselltokens.ai), end to end integrity is not enforced. LLM traffic contains tool calls like "bash ...", which are executed on the client machine, they can be manipulated. Secret exfil is also possible.

[1] https://arxiv.org/html/2604.08407v1

rdbell•21 minutes ago
You can place your own CLIProxyAPI instance in front of the reseller proxy and block prompts/responses that look harmful.

There are community plugins like this: https://github.com/rheodev/cpa-plugin-privacyfilter

I haven't tried the plugin system myself yet.

Sha1rholder•29 minutes ago
This research is way toooo shallow. He really should go check out linux.do or nodeseek.com — token resale economy there is truly breathtaking.
mlenhard•14 minutes ago
This was specifically meant to be about the ai credit resellers, not the relays themselves. I put together another piece here: https://vectoral.com/blog/token-relay-market that tackles that side of the market.
nerevarthelame•about 1 hour ago
Distillation is one of the most unique and interesting aspects of this.

But otherwise, if a company gives something valuable for creating an account on their platform, expect that people will automate the creation of millions of accounts. If employees of B2B partners get benefits, they will resell them. Accounts will be hacked and resold. The same basic abuse patterns are decades old for online delivery services, loyalty accounts for airline and hotels, etc. There are entire industries dedicated to those spaces as well: large organizations with physical offices, hundreds of employees, HR departments, etc. dedicated to reselling digital benefits on grey markets.

Some companies are tolerant of allowing this to happen. The pessimistic view is that even illegitimate traffic contributes to the KPIs that your investors care about. The slightly less pessimistic view is that fraud prevention will always have trade-offs and false positives, and sometimes the savings of preventing fraud are genuinely outweighed by the false positives. Or maybe it's just Hanlon's razor and they truly never saw it coming.

baobabKoodaa•32 minutes ago
Cyberpunk dystopia vibes
bwfan123•18 minutes ago
> Cyberpunk dystopia vibes

right. Abstractions taken to the max. When tech solves problems that only 0.001% care about. NFT smelt similar.

arjie•about 2 hours ago
Yunwu.ai was a nice way to get ultra-cheap tokens that someone will probably spy on you with, but they no longer offer US models.

At first I thought it was so people could steal the traces, but now I wonder if this isn't just laundering startup credits for dollars.

theli0nheart•about 1 hour ago
They were never offering actual US models. We tested them extensively and it was clear whatever they were passing as Anthropic were simply mediocre distillations based on Kimi.
npn•about 2 hours ago
There are like thousands sites with similar features all using newapi core.

You can easily find them in Chinese tech forum linux.do

SatishPophale•about 1 hour ago
yep, with projects like open api/newapi it takes maybe 10 min to pin up and openAi compatible poxy gateway. The cheap prices look tempting until the relay operator logs all your prompts or the upstream account gets banned mid-request.
tantalor•about 1 hour ago
> I checked where you’d expect to find underground marketplaces. Telegram had a few channels, with one being relatively active.

It's not exactly "underground" if they clearly advertising public channels out in the open.

tantalor•about 1 hour ago
There's a lot of assertion here and the other article that this fraud and abuse but is there any evidence of that?

A simpler explanation is that that this is just a resale market.

andy99•31 minutes ago
What does the demand side look like? I understand why people have these tokens they want to sell, who wants to buy them?
namelosw•13 minutes ago
Chinese. There are large number of Chinese people who are dependent on the Western model because they're still ahead of the game. But they're continuously getting banned and getting super frustrated.

Especially for Claude because Anthropic is very good at identifying mainland Chinese and getting them banned in hours. There are many of them who are willing to pay more than the original rate for a stable experience.

It's very hard for them because they'll need a legit phone number and bank cards that are not issued in China, and a clean enough IP, etc. and those better match together to make sense. (Back in the day, ChatGPT required resident IPs, which made it worse, but they worry about growth more now). Obviously, they have to use a VPN to access the real Internet, and most of the IPs they can find are shared with bots and abusers.

tclancy•about 1 hour ago
Hey Claude, scan these marketplaces for arbitrage opportunities.

The thing will eat itself unless the AI companies find a way to make money directly from it.

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TZubiri•about 2 hours ago
Men breaching Sauron's ToS by reselling their nine rings of power, and they think they are beating the system.
topbanana•about 2 hours ago
So are they stealing from their employers or is something else going on?
dzonga•about 1 hour ago
nope - a.i companies to promote their platforms offer 'a.i' credits to startups usually worth 10ks, 100ks worth of credits in $ terms.

so to a startup - you can trade your credits - then get actual cash.

just like you would if trading debt etc.

huflungdung•about 2 hours ago
Stolen credit cards

Demo accounts

Free trials

Unlimited chat relays (eg chatgpt chat)

Leaked company credentials

Etc

notpushkin•about 2 hours ago
And I’m pretty sure that’s just the tip of the iceberg.
ander33•about 1 hour ago
This would be a fantastic method of getting data for distillation, would be surprised if that's not why the tokens are so cheap
toomuchtodo•about 2 hours ago
Cool to see my thesis validated.

https://news.ycombinator.com/item?id=48664223

bix6•about 2 hours ago
> CREDITS FROM YC STARTUP SCHOOL

Join YC, get free shit from the network, profit. Nice.

andy99•14 minutes ago
As a bonus, you’ve got a story for the “tell me about a time you hacked a non computer system” question on the YC application
notpushkin•about 2 hours ago
> CREDITS FROM YC STARTUP SCHOOL

Is that still a thing? I’ve thought they’ve discontinued the deals section. (There are a lot of other ways to get a startup grant, of course.)

pocksuppet•about 2 hours ago
What will you pitch to YC to get accepted?
peter_d_sherman•about 1 hour ago
So let's see, we have the following factors in play:

1) Capitalism - Adam Smith, John Maynard Keynes (Keynesian Economics), etc., etc. in most places in the world...

2) Huge validated existing international market...

3) Multi-jurisdictional World... laws/statutory codes applicable to businesses in specific circumstances in one place may not be applicable to businesses in specific circumstances in another...

4) AI Tokens are a commodity; i.e., there is no chokepoint or monopoly controlled by one AI company in one jurisdiction, i.e., if one AI company makes rules unacceptable to a token consumer, that consumer can simply switch providers to another provider in another jurisdiction somewhere else in the world.

5) Tokens can be bought, sold, and resold at profit just like any other good or service.

6) Tokens can be bought from anywhere in the world and sold to anywhere in the world. Easily.

7) Tokens are a digital good, easy to scale, and do not require supply chains, lead times, labor, manufacturing, warehousing, shipping, going through geographic chokepoints, customs, etc., etc. -- all of the things that manufactured goods do.

8) Many people around the world want to make money or make more money... i.e., "economic incentive" (aka Capitalism's "profit motive")...

Well... add all of those together and what do you get?

You get buy/sell/trade forums/auctions/individuals/brokers/businesspeople -- around that market...

Just like you get those same things around every other market.

In this large multi-jurisdictional world, if one government makes all of that illegal in their country, then another government is going to be happily collecting all of the taxes from making all of that legal, in theirs!

If a given government makes trade illegal -- then they correspondingly lose the tax revenue...

Taxes and trade are intricately, intricately intertwined...

Could this business model be used for money laundering or other illegal activities?

Yes -- but any other business model could as well!

And, on the flip side, this business model could be accomplished legally/lawfully/morally/ethically -- just like any other business where there is an actual underlying value being exchanged.

Because, AI Tokens, if legally/lawfully/morally/ethically traded, do have underlying value...

In conclusion, at this point in time, I am neither for this business model nor against it...

But I think it'll be highly interesting to watch this space for the next couple of years, to see what happens, to see who does what, to see what plays out on the legal front, on the government front (foreign + domestic), on the media front, and on the technology front surrounding it...

fg137•about 1 hour ago
These are amateurs compared to what's happening in China.
herpdyderp•about 1 hour ago
Explain please?
tclancy•about 1 hour ago
They built this wall …