Crypto Trading Bot Scam Nabs Victims via YouTube

Bad actors are using aged YouTube accounts to give authenticity to advertisements of a crypto trading bot that conceals a smart contract designed to drain crypto, cybersecurity firm SentinelLABS said.

The scam is “widespread and ongoing” since at least 2024 and has spread through YouTube videos shared on social media offering tips and a smart-contract code to deploy a crypto trading bot, Alex Delamottea, a senior threat researcher with SentinelLABS, said in a report on Tuesday.

After the victim deploys the smart contract, the attacker’s wallet is…