Thanks to AI TechBro garbage, scammers now have full fledged multi-social media network posts, interlinked to each other, where BOTS comment on how much money they have made, all fueled by AI, and BOTS.
Social media platforms like Youtube and X/Twitter supposedly also use AI, to try and combat abuse, but for whatever reason their AI Is "dumber" that the one used by the scammers, or the scammers just spawn attacks non stop, so suspending one or two of the scam accounts has no real world effect on the overall scam operation's success.
It is all a scam, of course.
Uniswap arbitrage MEV bot scams work this way:
1. Scammers post videos with instructions how to make money via "ArBiTraGe".
In this scam, users' deposited Ethereum is not used for automatic arbitrage, but is directly transferred to the hacker's address.
2. In the video on Vimeo or Youtube there are steps, one of which is grab code and run it!
3. Running the code results in theft of assets and the victim's wallet being DRAINED.
The scammers also post wallets full of ETH to increase the credibility of their scam.
The scam works by exploiting a legitimate platform, by pasting SCAM solidity code. The said code is posted on a dodgy website registered in Russia (how totally unexpected).
A very nice looking gentleman with a sexy moustache baits naïve users, who believe they can make something out of nothing to loose the little ETH they may have.
One of the steps users are instructed to make is COPY and PASTE solidity code, which drains their assets.
Essentially this scam is asking users to shoot themselves in the foot, by copy pasting and executing malicious code themselves, all while thinking "I am so smart".
It is not as dumb as entering your seed phrase directly, so many gullible users may get fooled.
And hosted on Russian Criminal IP, which hosts ONLY scams, nothing else:
https://www.virustotal.com/gui/ip-address/185.149.120.113/community
https://urlscan.io/ip/185.149.120.113/
Remember MEV Bot = SCAM!
https://www.youtube.com/@MetaWeb3x --> Scammer
https://x.com/DeWolfKelley --> Scammer
Same scam, different name.
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