Crypto Trading Bot Scam Nabs Victims via YouTube

August 7, 2025

, By Cointelegraph

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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, data-ct-non-breakable=”null” href=”https://www.sentinelone.com/labs/smart-contract-scams-ethereum-drainers-pose-as-trading-bots-to-steal-crypto/?utm_medium=paid-search&utm_source=google&utm_campaign=amer-us-brand&utm_term=sentinelone” rel=”noopener nofollow” target=”_blank” title=”null”>said in a report on Tuesday.

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

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Crypto Trading Bot Scam Nabs Victims via YouTube

August 7, 2025

, Published By Cointelegraph

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, data-ct-non-breakable=”null” href=”https://www.sentinelone.com/labs/smart-contract-scams-ethereum-drainers-pose-as-trading-bots-to-steal-crypto/?utm_medium=paid-search&utm_source=google&utm_campaign=amer-us-brand&utm_term=sentinelone” rel=”noopener nofollow” target=”_blank” title=”null”>said in a report on Tuesday.

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

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Alibaba said to exit India’s Eternal in $613m block deal

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Business Analysis & Delivery Consultant (FinTech/RegTech) (F/M) – Finologee

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