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The ChatGPT Trading Bot Scam Epidemic

A huge section of scams comes with fake AI systems these days that drain your crypto wallets. These scams use a fake “ChatGPT-powered” trading bot that always convinces the victim to join. In the end, the victim realizes that their wallets do not have anything left in them.

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

The Bait

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

How to Protect Yourself

1. The Wallet Firewall

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

2. The Verification Checklist

3. The Nuclear Option

Report scams to:

Why This Scam is Different

Unlike old-school Ponzis, these use:

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?”

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