SentinelLABS has identified widespread and ongoing cryptocurrency scams in which actors advertise a crypto trading bot that conceals a smart contract designed to steal the victim’s funds. The scams are marketed through YouTube videos that explain the purported nature of the crypto trading bot and how to deploy a smart contract on the Remix Solidity Compiler platform, a web-based integrated development environment (IDE) for Web3 projects. The video descriptions share a link to an external site