The ChatGPT Trading Bot Scam Epidemic

Basically, these operations have a five-step playbook that works successfully.

The Bait

• Fake ads on the Twitter/X platform that offer 83% monthly gains, which are impossible.
• Fake YouTube videos with deepfake Musk claiming that the bot is working.
• Fake leaked screenshots that show the trading history.

The Hook

• Free trial offers, but they only want one thing: a wallet connection for analysis or a small test deposit (0.1 ETH).
• The trial bot connects to your wallet and withholds your money.

The Illusion

• They will then show you a rich dashboard that will convince you that your bot is working and generating profit.
• This will show you price data that will either be slow or unreliable and relevant to the trading market.
• Then this ChatGPT bot “AI” will just copy TradingView charts and indicators that you can do on your own.

The Squeeze

• They will show you fake FOMO, like there are limited spots left, or “guaranteed” scam.

The Anonymous Team

• Real quant firms have LinkedIn profiles.

How to Protect Yourself

1. The Wallet Firewall

• Never connect wallets to unknown sites.
• Use dedicated “burner” wallets for testing.

2. The Verification Checklist

• Reverse image search all “team” photos.
• Check domain registration dates (new = red flag).
• Demand audited performance records.

3. The Nuclear Option

Report scams to:

• Chainabuse (blockchain forensic group)
• Crypto Fraud Database
• FTC Complaint Assistant

Why This Scam is Different

Unlike old-school Ponzis, these use:

• AI voice cloning for fake support calls
• Smart contract exploits drain wallets silently
• Multi-chain hopping to evade tracking

Conclusion

The brutal truth:

No AI bot can predict markets reliably.

If something sounds too good to be true, it’s stealing your crypto.

The only “AI” here is Artificial Illusion.

Final Defense: Always ask, “Would Renaissance Technologies need to recruit on Telegram?”