224 victims lost 274.6 ETH, TRM Labs warns of fake AI trading bot tutorials on YouTube

According to TRM Labs monitoring, its "2026 AI Criminal Application Index" shows that criminals' use of AI increased by 40% year-over-year. Identified attack methods include using fake AI trading bot tutorials and programming instructional videos on YouTube to induce users to create wallets, copy code, deploy smart contracts, and deposit cryptocurrency funds into the contracts; the related malicious scripts are used to steal assets. These videos claim that Claude can be used to build AI-driven arbitrage bots.