So, what these scammers do is simply change the name of the bot from time to time, use the same website template to make a “new” website,
and then continue the, essentially, one and the same ongoing scam,
most likely until they’re caught. With that in mind,
we’ve prepared a selection of three illustrative crypto trading bot scams to avoid.
So, we choose three bots that each display common red flags that one often encounters.
It’s dangerous out there and one needs to be vigilant.
There exist cases of legitimate trading robots
that were accused of being fraudulent. Supposedly, the
UK Trading Association has given the Ethereum Code an award
for being the number 1 product in the trading software category.
However, this is a sector of the crypto industry that’s plagued with a very large number of scams.
We have identified as scams each of the bots below thanks to a number of different alarming signs.
Classic internet memes like Nyan Cat and Bad Luck Brian sold as NFTs, and many other memes have
followed suit. Cloud mining allows you to mine cryptocurrencies
like bitcoin without having to purchase the expensive
hardware required to do so. This allows people to mine remotely without having to purchase expensive mining hardware.
