Smart Contract Scams | Ethereum Drainers Pose as Trading Bots to Steal Crypto

Executive Summary
SentinelLABS has uncovered a series of cryptocurrency scams in which threat actors distribute a malicious smart contract disguised as a trading bot in order to drain user wallets of more than $900k US.
The smart contract deploys multiple obfuscation techniques to conceal the attacker’s wallet address.
The campaign leverages aged YouTube accounts and curated comment sections to create a false sense of legitimacy.
Crypto users are advised to treat trading tools promoted through unverified social media or video content with extreme caution.

To read the complete article see: Smart Contract Scams