Fake AI guides for arbitrage bots scammed 224 victims out of 274.6 ETH
- —224 victims lost 274.6 ETH, or about $517,205, between February 12 and August 11
- —234 victim contracts were found, with funds routed to six operator addresses
- —Nine nearly identical YouTube guides drew 310,474 views
- —A spoofed contract transferred balances above 0.05 ETH to the operator when Start or Withdraw was clicked
Why it matters: The scheme bypasses wallet protections because transactions appear as voluntary user actions, complicating recovery of funds.
Source: The Defiant