Known scams
Documented fake AI trading bots, airdrop drainers and wallet scams targeting retail traders. Community reports are labeled as such.
Mirror Trading International (MTI)
South African pool that claimed to use a bot to trade forex with members' bitcoin. The CFTC charged it and its CEO with a $1.7 billion fraud, the largest fraudulent scheme involving bitcoin charged in a CFTC case at the time.
Red flags: Claimed bot-driven returns, Pooled customer crypto, Recruiting rewards
Sources: CFTC press release 8549-22
"AI trading bot" money-machine pitches (CFTC advisory)
The CFTC warns that scammers use AI hype to sell trading bots, algorithmic systems and signal services that promise outsized or guaranteed returns.
Red flags: Guaranteed or very high returns, Pressure to deposit crypto, Unregistered operators
Sources: CFTC Customer Advisory: AI Won't Turn Trading Bots into Money Machines
Fake Claude "AI trading bot" YouTube tutorials
Fake YouTube tutorials walked users through building, deploying, funding and approving a Claude "AI trading bot" contract, which drained the funds. Reported: 224 wallets drained.
Red flags: Copy-paste smart-contract code from a video, Asked to fund the contract, Unlisted or new YouTube channels
Sources: X report (@ChainCortesz)
Trinity Prime AI trading bot
Traders on X warn that the Trinity Prime "AI trading bot" is a scam.
Red flags: Promised AI profits, Community scam warnings
Sources: X warning (@CryptoHoundDog)
Bittearn
Bittearn markets itself as an "AI trading bot" platform. Scamadviser gives it a 1/100 trust score, as reported on X.
Red flags: Very low trust score, Anonymous operators
Sources: X report (@0LIVER0UTREACH)
Fake airdrop tag spam ("Jupiter Rewards Phase II", "$UNI is open", "X official token")
Bot accounts mass-tag traders on X with fake airdrop claims that lead to drainer sites. Users report "last chance" airdrop claims draining wallets through malicious contracts.
Red flags: Mass tags from unknown accounts, Urgency ("last chance"), Asked to connect a wallet and sign
Sources: Example fake-airdrop tag · Victim report (@il3nnn)
"Reserve your Seeker name" email
A victim reports getting an email to reserve a Seeker wallet name, which drained their wallet.
Red flags: Unsolicited email, Reservation urgency, Wallet connect request
Sources: Victim report (@FreakyReflex)
Fake "Wasabi Bitcoin & Crypto Wallet" app
A user reports a fake app impersonating Wasabi Wallet drained 0.896 BTC.
Red flags: Wallet app not from the official site, Asks for your seed phrase
Sources: Victim report (@AliAs1u)
Listings summarize public reports and regulator actions; community reports are allegations, not verdicts.