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The crypto industry is facing a new surge of fraud: hackers are widely using AI-powered trading bots to steal funds from unsuspecting users. Losses have already exceeded $1,000,000 in just the past few weeks, and the number of victims keeps growing.
The main platform for these attacks is YouTube, where scammers push fake videos promoting “magical” AI bots that promise instant profits.
Anatomy of the Attack: How the Money Disappears
How the Scam Works
- YouTube is flooded with videos featuring supposed testimonials and detailed instructions for using AI bots that claim to automate crypto trading.
- The video descriptions include malicious links leading to phishing websites or scam bots.
- After downloading and installing the “bot,” the victim is asked to enter wallet details or private keys—at that moment, funds are silently siphoned off to the attackers’ wallets.
Key Facts and Figures
- More than 30 major incidents have been recorded in just the past two weeks (according to Scam Sniffer and SlowMist).
- Total stolen: Over $1,000,000 in cryptocurrencies (ETH, USDT, and others).
- Main victims: Mostly new investors and traders lured by promises of easy money.
Why Does This Work? The Role of AI
AI bots aren’t just creating convincing fake videos—they’re also used to automate the attacks themselves: forging interfaces, collecting user data, bypassing security checks.
The scheme is extremely simple and designed to scale: the more views, the more victims, the bigger the profit.
How to Stay Safe
- Never click suspicious links from YouTube videos, no matter how “trustworthy” the creator seems.
- Don’t download or install trading bots or scripts from unofficial platforms.
- Always verify services through multiple independent sources before trusting them with your funds.
- Stick to official wallets and tools—avoid so-called “miracle bots.”
