10 Warning Signs of a ChatGPT Arbitrage MEV Bot Scam

Published On Sun Oct 13 2024
10 Warning Signs of a ChatGPT Arbitrage MEV Bot Scam

Slow Fog: Please be aware of ChatGPT-related arbitrage MEV bot scam

Recently, the SlowMist security team issued a warning regarding a new type of arbitrage MEV bot scam. They have urged all users to be cautious and avoid clicking on any unknown links or running suspicious code.

The Multi-Million MEV Bot Scam Industry

According to reports, scammers are claiming that the code used in these scams was generated by ChatGPT. To safeguard against such threats, users are advised to utilize tools like ChatGPT or Claude to review the code thoroughly and identify any potential malicious behavior.

It has come to light that numerous users have fallen victim to ChatGPT-related arbitrage bots, leading to the loss of their invested funds in pursuit of passive income. By following the instructions laid out by these scammers, users have unwittingly had their funds stolen.

Why write (phishing) emails yourself when AI can write them for ...

As a precaution, users are strongly advised to stay vigilant, meticulously scrutinize for any traps, and take necessary steps to safeguard their assets from any potential harm.