Scammers are increasingly leveraging YouTube to promote fraudulent cryptocurrency trading bots, as reported by Cointelegraph via Sentinel Labs. These scams involve hijacking or creating YouTube channels that appear to offer legitimate cryptocurrency news and investment advice. These channels then promote trading bots that, instead of generating profits, steal users' cryptocurrency. Sentinel Labs estimates the damage already amounts to over 256 ETH. The sophistication of these scams is evolving. Users are warned to exercise extreme caution when considering trading bots advertised in online videos. Thoroughly research any bot before entrusting it with your cryptocurrency, and verify the legitimacy of the YouTube channel promoting it. Protect your crypto investments by staying vigilant and skeptical. ```

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