Fake AI Trading Bot Tutorials Steal 274.6 ETH From 224 Victims
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Cryptocurrency News | Cryptocurrency Prices | Market CapFake AI trading bot tutorials steal 274.6 ETH from 224 victims
Fake YouTube tutorials promoting AI-powered crypto arbitrage bots have tricked 224 victims into deploying malicious smart contracts that stole 274.6 ETH worth about $517,000. TRM Labs said in a Sep. 14 report that the operation disguised malicious Ethereum contracts as…
Artificial intelligence has created numerous new fraud schemes. One of them was used to steal a whopping 274 Ethereum coins. How did the fraudsters steal cryptocurrencies worth 2.5 million złoty?
According to ChainCatcher, a report released on September 14 by blockchain intelligence firm TRM Labs revealed that a fake YouTube tutorial, using the lure of building a crypto arbitrage bot with AI, induced 224 victims to deploy and fund malicious smart contracts, resulting in the theft of 274.6 ETH. TRM identified 234 contracts deployed by victims, with funds ultimately flowing into six receiving addresses controlled by the operators. The stol…
Fake AI Bot Tutorials Tricked 224 Victims Into Deploying Their Own Drainers
Fake YouTube tutorials promising AI-built crypto arbitrage bots led 224 victims to deploy and fund their own malicious smart contracts, draining 274.60 ETH between Feb. 12 and Aug. 11, TRM Labs said in a Sept. 14 analysis. The blockchain intelligence firm said it found 234 victim-deployed contracts... Read the full story at The Defiant
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