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?”
Alex
Formally freelance blogger Alex is passionate writer with interest in Finance and Business, fascinated about crypto following news and covering stories.