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Bad actor is using YouTube accounts to give autheuries to a crypto trading bot, which is a concept contract designed to drain the Crypto, Cybercicy firm Sentinelbs.
The scam is “comprehensive and running” in 2024 SINX and has spread through YouTube videos shared on social media which tips offering tips and to deploy a Crypto Trading Bot on a smart-contrast code, Alex Delmotia, a senior dancing of Santinlabs called a report on Tuesday.
After deploying the victim smart contract, the attacker’s wallet is added, it is hidden as a trading address. When the user funds the contract, the scammer has access to the money access. The victim must contract for the scam to work.
Delmotia said, “Cryptocurrency ecosystem is complicated complex, and such scams will announce the announcement of success, where it is not perfectly allize about how the related equipment works how input and input and outputs are,” Delmotia said.
More than 256 ether has been stolen so far
The victims are urged to deposit at least 0.5 ether (eth), currently the price of $ 1,829, to cover the cost of gas fees and ensure that the size of profits is meaningful.
Delmotia stated that his investigation found that “the degree of success in scams was different,” the most recent -Icked scammer wallet was held in 7.59 ETH, 4.19 ETH in another, and ARD 244. ETH, the value of more than $ 939,000 collectively.
“We use the same wallet that are being used in multiplicated smart contacts; how, how, many unique addresses in use, so it is not clear how many unique actors are behind the scam,”.
Video scams show red flags
All YouTube accounts operating the scam are older and have a history of investing tips or other pop culture-based materials to post crypto news, promote the rank of accounts, and appear certificates in the form of delamotia.
It is not clear that bad actors created channels or purified them only for scam as the YouTube channel can be found through Telegram and for sewing in search engine results.
“AI-generated on many video audio and visual tolls appeared, which makes many scam videos easier for the actors to make videos if here was on a new identity,” Delamotia said.
Negative comments for the video are removed, and the admirers in the comment section individually claim each from the bot.
“Actor is like the possibility of managing the YouTube comment section to remove any negative comments, more loving with users turning to platforms for additional reference to additional reference to additional references on the bot to remove any negative comments.”
Do not use shield bot on video
Dellamottea stated that such scams are more common for bad actors to work on them, which is why users should use equipment priced promoted tools with extreme caution through rejected social media or video content.
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Sheh said, “To defend against this type of scams, crypto traders are advised to avoid deploying the code through influencer video or social media posts, especially if it offers a way to make it fast,” Sheh said.
Dellamottea said that it is important to reservation what the tool is dos and it is valid how it works before deploying it, and anywhere for AVAID that seems to do business until the next, such as a quick, easy profit price.
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