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AI-Powered Trading Bot Scam on YouTube Siphons $1M From Crypto Traders—Here’s How It Happened

AI-Powered Trading Bot Scam on YouTube Siphons $1M From Crypto Traders—Here’s How It Happened

Author:
Coindesk
Published:
2025-08-07 08:30:48
6
1

Weaponized Trading Bots Drain $1M From Crypto Users via AI-Generated YouTube Scam

Another day, another crypto heist—only this time, the thieves didn’t need a wallet address. They had YouTube.

Weaponized trading bots, hyped by AI-generated videos, just drained $1 million from unsuspecting investors. No hacks, no exploits—just slick marketing and the eternal hope of 'easy money.'

How the scam worked:

Fraudsters deployed AI-cloned influencers to push 'guaranteed profit' trading bots. The videos looked legit—professional edits, fake testimonials, even bogus 'live trading' streams. Victims linked their wallets to the bots, only to watch their funds vanish.

The bitter irony? Crypto’s decentralized ethos got punked by centralized platforms. YouTube’s algo boosted the scam videos while actual security warnings got buried. (But hey, at least someone’s ad revenue skyrocketed.)

Lesson learned: If a trading bot promises Lambo money without the work, it’s probably driving off with your cash.

|Square

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