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Re:What Is a Pig Butchering Scam? (2023) by deathanatos on Thursday March 21, 2024 @12:17PM (#39780596)
Jim Browning did a thing on these: https://www.youtube.com/watch?v=vu-Y1h9rTUs

The second half of the scam — the cryptocurrency theft. The one I've seen recently is variations on any of the terms "ChatGPT MEV arbitrage ETH slippage bot"; in essence, the author claims to have used ChatGPT to write a bot that waves hands does something something with arbitrage and makes tons of money. The explanation is technobabble, and the claims are often like "earn returns of $2k/day", which is of course solidly into the "way too good to be true" territory. The "smart" contract just steals your money, it's that simple.

I have been seeing these all over my YouTube sponsored videos. I.e., the scammers are running these as ads. I've reported them as I see them, but thus far, YouTube has taken down exactly none of them, AFAICT. (In fact, my entire report history is 0% removed, despite every entry being a rather crystal clear ToS violation since I'd otherwise have been too lazy to go through the flow for it.) As I write this, both ad slots on the homepage are this scam.

Re:What Is a Pig Butchering Scam? (2023) by pornel on Thursday March 21, 2024 @04:00PM (#39783663)
Instagram is also full of these scam ads, and they remove maybe 1 in 20 I report. Many of them are obviously fake or hacked accounts, e.g. having "Nail Salon" as the business type on their profile, but their posts are promising $$$ if you have an account on Binance.