Do people actually make money with trading bots?

I've heard a lot about Trading Bots and their potential to generate profits in the cryptocurrency market. But my question is, do people actually make money with these bots, or is it all just hype? I'm curious to know if there's any evidence or data to support the claim that trading bots can consistently generate returns for traders. Additionally, I'd like to understand the risks involved in using bots, as well as any potential limitations or drawbacks that traders should be aware of before diving in.