Recently, a new type of scam related to cryptocurrencies has appeared on YouTube. Scammers hire actors on Fiverr who likely have no idea what they are reading. They talk about creating a bot using ChatGPT, which they claim allows you to earn passive income from cryptocurrencies.

Usually the videos begin with the actor stating that he personally developed a bot that allows you to make money without the need for programming. They then warn about scammers in the cryptocurrency community and urge people to avoid interacting with “untrusted wallets” and “unknown exchanges.”

The script then moves on to an offer to copy the embed code to a website that claims to perform a so-called front run on cryptocurrency transactions. To do this, of course, you need to connect your cryptocurrency wallet.

However, if you follow the instructions in the video, you will simply send your cryptocurrencies to one of the many wallets controlled by anonymous scammers. Thus, anyone who follows these instructions will lose their funds rather than earn money. Not all scam videos show up in search results and may be placed as paid advertising. Comments on these videos tend to be positive, likely the result of botnets designed to lend credibility to the scam.

Therefore, if you come across a video about how to earn easy cryptocurrency, it is probably a scam.