MEV bot powered by AI Scam: A Detailed Investigation by Lukka’s Blockchain Inves

[_act_]

MEV bot powered by AI Scam: A Detailed Investigation by Lukka’s Blockchain Investigator

This is the second time I am seeing this kind of information, about bots used by scammers to make victims send coins to them. All what the scammer needs is the victim to make use of the bot, the victim wallet will be drained as the coin is sent to the scammer wallet address.

You need to read this: https://lukka.tech/investigation-mev-bot-powered-by-ai-scam/

This is one of the reason I am afraid of trading bots.

This one is called fake Miner Extractable Value (MEV) Bot.

[hugeblack]

you can only trust bots that are open source/well reviewed or those that have a reliable record otherwise it is better to consider them as a scam.
restrict the bot by giving it trading permissions (not withdrawal), but even this option does not guarantee that you will achieve gains.

[348Judah]

What an horrible developed by scammers to steal from the use of bots, this calls for more attention to those that often make downloads of bots, some are not truly the intended bot we are searching for, which makes the source through wish should be downloaded from, because this has been a major challenge as well from users, when they are unable to get the right thing from the real source, which makes them lose more to scammers.

[Alvin_talk]

Personally, I prefer conducting personal research and analysis when it come to trading, if we are able to update ourselves with the latest news, articles and market movement and so on, we can probably make better informed decisions by ourselves without relying on bots for analysis.

Atleast with personal analysis you won't risk your coins to such attacks but if you must use a bot it should be open source and you should fully understand how it works or operate.

[LOVER BOY 422]

MEV bot powered by AI Scam: A Detailed Investigation by Lukka’s Blockchain Investigator

This is the second time I am seeing this kind of information, about bots used by scammers to make victims send coins to them. All what the scammer needs is the victim to make use of the bot, the victim wallet will be drained as the coin is sent to the scammer wallet address.

You need to read this: https://lukka.tech/investigation-mev-bot-powered-by-ai-scam/

This is one of the reason I am afraid of trading bots.

This one is called fake Miner Extractable Value (MEV) Bot.

You are very correct thanks for the hint this is so smart ,the smart way of scamming people but the more they bring ideas on how to scam people,many will still make sure that their plans failed just the way you inform us in this platform that's how many will still inform another just like that their trap will catch nothing,this is so legit bad way of scamming, that's why making self analysis is better.

[obuoma]

Many trading bots have been advertised in this forum and I have always been skeptical about them because I believe that trading is meant to be tailored to individual needs. If a bot is profitable and gives the ROI those promoters allocate to them, they will have no business releasing such big asset to the public because they can compound their capital over a period of one year and retire to their private island to enjoy life. They will not be interested in those megger subscription money they charge for those bots.

[AVE5]

Trading bots in the first place are full of hype and lies with how it's being decorated with their Ads of being capable to keep users winning.
I don't know why traders do still have to believe on these AI bot time after time. Users who're desperate to make quick money in crypto are mostly ones who falls victim to these scams.
When there's no reliable bot of all being invented why can't there be such that could target users to steal their funds? This one in the news is just an evolution that trading bots is only meant to enrich developers. Nothing more.

[Myleschetty]

This is one of the reason I am afraid of trading bots.

This one is called fake Miner Extractable Value (MEV) Bot.

Same here. However, market analysis is not that difficult though. I believe that trading bots are mosttly used by greed/indolent cryptocurrency traders.

you can only trust bots that are open source/well reviewed or those that have a reliable record otherwise it is better to consider them as a scam.

A trading bot's open source does not mean it is safe because the team can decide to change or manipulate the source code at any time. Using a reliable one with a good tracking record is always better, in my opinion.

[PostQuantumBTC]

you can only trust bots that are open source/well reviewed or those that have a reliable record otherwise it is better to consider them as a scam.

A trading bot's open source does not mean it is safe because the team can decide to change or manipulate the source code at any time. Using a reliable one with a good tracking record is always better, in my opinion.

There are some open source software that people later said they are having malicious code that people should not use them. Most people do not know how to verify is the problem. But also that the open source softwares can easily be verified, that make them different from the close source codes. But the problem is that some people could have used the open source malicious software or app and be scammed before realizing the problem.

[Myleschetty]

you can only trust bots that are open source/well reviewed or those that have a reliable record otherwise it is better to consider them as a scam.

A trading bot's open source does not mean it is safe because the team can decide to change or manipulate the source code at any time. Using a reliable one with a good tracking record is always better, in my opinion.

There are some open source software that people later said they are having malicious code that people should not use them. Most people do not know how to verify is the problem. But also that the open source softwares can easily be verified, which make them different from the close source codes. But the problem is that some people could have used the open source malicious software or app and be scammed before realizing the problem.

This is precisely the reason I stated that an open source program or bot does not imply that it is devoid of malicious activity or backdoor activities to steal from the user. Even though I lack the expertise to verify an open source program, I always choose those that are suggested by knowledgeable people.

[Cryptohygenic]

What an horrible developed by scammers to steal from the use of bots, this calls for more attention to those that often make downloads of bots, some are not truly the intended bot we are searching for, which makes the source through wish should be downloaded from, because this has been a major challenge as well from users, when they are unable to get the right thing from the real source, which makes them lose more to scammers.

Bots has not been a trusted technology for trading. It is full of dilutions which can be so misleading and for beginners who don't even know how to download them in the legitimate source, this kind of scamming schemes technology will be Very difficult for them to scale through.
Not even all the legitimate sources are true as the developers may portray them. The truth is just that trading bots are very risky because you will think they can actually make better decisions for you than when you trading with your mental efforts.