How can you recognize 'AI trading bot' that's a Ponzi — fake DEX arbitrage / MEV sniper?

TLDR

Scammers advertise 'AI powered arbitrage bot' / 'MEV sniper' on YouTube + Telegram + TikTok — 'deposit ETH, our LLM finds arbitrage 24/7'. Code is open sourced on GitHub (looks legit) but contains hidden withdrawal restrictions + a...

How it works

Red flags

Urgent pressure to click, pay, or share codes immediately.
A link or sender that does not match the official organization.
Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.

What to do

1DO: never deposit to a contract you didn't audit; use battle tested DEX aggregators (1inch, Cowswap) directly.

Source

FBI-Crypto-AI-Bot-Scams

Source reviewed by Mythos Forensic Team

https://www.ic3.gov/PSA/2024/PSA240403

FAQ

Is 'AI trading bot' that's a Ponzi — fake DEX arbitrage / MEV sniper a real scam pattern?

Yes. Treat the message, call, or payment request as suspicious until you verify it through an official channel.

What are the first warning signs?

Urgent pressure to click, pay, or share codes immediately.; A link or sender that does not match the official organization.; Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.

What should I do first?

DO: never deposit to a contract you didn't audit; use battle tested DEX aggregators (1inch, Cowswap) directly.

Can LegalAudit check my case?

Yes. Start a free chat and paste the message, link, sender, or payment details for triage.