If it seems too good to be true, it probably is.
Scams have been rampant this year despite the market slowdown. A new type of sneaky crypto scam with front-running scam bots on YouTube has shot up six-fold in 2022.
When clicked, these ads link users to a YouTube video showing how to create and deploy a front-running script to generate “profits.”report from CertiK. After analyzing YouTube for videos mentioning the phrase “front running bot,” the blockchain security firm observed that of a sample of 232 videos, a whopping 84% were scams.
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