Front-running scam bots are significantly gaining traction on YouTube, with the number of dubious videos increasing six-fold in 2022 according to a new report from blockchain security firm CertiK., CertiK explores how a wave of front-running bot scams are promising free returns as high as 10X a day, but ultimately end up swiping people's funds.
“There are common themes in all of these videos: free code and huge returns. Successful runners won’t give away free code on a social media site, they will sell it for a large amount on underground forums.” The bots generally scan blockchains for unconfirmed transactions and then pay a greater gas fee to squeeze in ahead of said transactions, “essentially beating it to the punch and taking all the profit on offer” from a trade.
Meta Djinn DjinnGuild SCAM fightoftheages SCAM _binhnguyen86 SCAMER Grey_1811 SCAMER RangerJavelin SCAMER FOTA ShitShow
Front running is appalling.
How will the government deal with this problem?
I have not trusted such videos for a long time and I think that this is fair
YouTube is good only for spreading Tether fud, not for education
Stay safe!
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