Fake YouTube tutorials promoting AI-powered crypto arbitrage bots have tricked 224 victims into deploying malicious smart contracts that stole 274.6 ETH worth about $517,000.
Summary
- Nine similar YouTube videos directed users to compilers controlled by the scam operators.
- Victims deployed 234 contracts and funded them through transactions they approved themselves.
- A malicious backend replaced the code shown to users with contracts designed to steal ETH.
- Stolen funds moved to six collection addresses, with the median victim losing 1 ETH.
TRM Labs said in a Sep. 14 report that the operation disguised malicious Ethereum contracts as automated trading tools built…
