AI-Driven Scam Hijacks YouTube Channels, Drains 256 ETH via Malicious Smart Contracts

Scam Tactics & Mechanism

Hackers repurposed older YouTube channels to post AI-generated videos showcasing a fake trading “bot.” Viewers were encouraged to deploy smart contracts (via Remix IDE), which secretly siphoned ETH from their wallets—this scam is ongoing and has already stolen over 900K USD. The comment sections are manipulated to eliminate criticism, reinforcing fake legitimacy.
 

Why It Matters Globally

Coinccino Take

“This scam merges AI, trusted platforms, and deep contract manipulation—a triple threat. Always verify “bot” contracts before deployment, especially when sourced from social platforms.”