AI Bot trading [ scam style]

[The Cryptovator]

So this company Cryptoaiml and TSAI Pro with their related entities are into this. I remember i read a lot of posts about AI trading, so i thought maybe i will share it here to warn people who might fall victim to them.  so these guys ( scammers ) are looking for people in social media who are willing to invest and trade using AI > i dont know how they market it but AI trading looks very enticing to those who are not so mature when it comes to trading. i mean some would just use other services to make easy money as these companies promise good returns, though they are not totally called a Ponzi scheme but hmmm.. still scammers.

That’s the reason why I don’t like any kind of AI bots. Because we have been seeing how various trading bots are scamming us. Whatever I understand about the trading, I just simply follow my strategy. I don’t need to make too much money by using an AI trading bot.

Mainly they target social media users; it’s easy to spread their scam bot there. A few newbies would fall into that scam easily, and sometimes experienced users also fall into such scams as well. However, we have to take a lesson from such a story: don’t be greedy. Just learn trading yourself and make your own strategy.

[Antotena]

If anyone (beginner or old traders) actually wants to use AI for their trading, they can use the AI that have been added to some reputable centralized exchange instead of using any randome AI they find online. Since 2024 till date, there have been 100s of AI bot trading apps ads that boom on all the social media apps i used and a lot of them don't advertise again probably because they have successfully scammed most people and closed the app or rebranded with a new name to scam more people.  It is so risky to trust any trading bot now,  especially new ones that have not last for long and don't have a solid reputation.

Trading is not simply, even with AI, so it's best for someone who have interest in trading to just calm down and learn how to trade on their own instead of trusting AI.

I see this on Kucoin many times and I do wonder if it work but the fact that I'm yet to see any Tutorials on YouTube about any of these centralized exchanges, then it does not work. If these things actually work, I'm sure they are not going to make it free, they are going to charge for it but they make them free so you can lose your money on them.
Good to see the SEC is taking actions against the platforms that gives this things as service for traders. I will love to see how the SEC wlll hunt exchanges that just list anything because of the fee they make from traders just to delist the tokens later.

It is interesting that that the US government have stepped into the stage to fight this menace of AI trading bot that is making people lose their livelihood at an alarming rate. In my country, no one have been arrested yet thousands of people have fallen victim to this new scam pattern. If $15 million have been scammed in the US, then we should be talking about ten times of that in my country because social media here is littered with such adverts and many people are rushing to make fast money and falling victim.

I don't know why other SEC are not playing their roles in consumers protection. There are plenty of companies that most have done the same thing this ones has done but they don't do anything and it's because they don't act that is why scammers have so much confidence to even scam people with things that doesn't work.

[Charles-Tim]

I don't know why other SEC are not playing their roles in consumers protection. There are plenty of companies that most have done the same thing this ones has done but they don't do anything and it's because they don't act that is why scammers have so much confidence to even scam people with things that doesn't work.

Despite all these, scam rate is increasing as technology and people are increasing. The best is for people to learn and know how they can protect themselves against scammers, hackers and fraudulent businesses.

The regulators and police in some countries are better in intelligent report than another country, but there are many fraudulent cases that each countries are handling.