It's precisely because of the existence of these scams that quantitative robots are stigmatized! There are many apps on the market that operate under the name of quantitative trading while actually engaging in Ponzi schemes, promising you earnings of dozens or hundreds of dollars daily with just a $10,000 deposit.
A quantitative robot is essentially an automated script that executes trades based on your set buy and sell prices; it's merely automated trading. Its primary purpose is to reduce the time spent monitoring the market and to minimize emotional interference! To achieve stable profits, good market conditions are necessary, as well as the right cryptocurrency selection and selling strategy. If stable profits could be obtained solely through an automated trading script, then everyone in the crypto space would have a quantitative robot, and if everyone is making money, who would be losing?
The problem isn't with quantitative trading itself, but rather that scammers exploit the ignorance of the majority regarding unfamiliar concepts to perpetrate fraud. Today it could be quantitative trading, tomorrow it could be arbitrage, and the day after it could be scams involving arbitrage robots, and so on.
When applying for an API interface, there are different permissions. Regardless of who is using it, you must not check the box for withdrawal permissions; if you do, your API interface can withdraw funds. If you allow trading permissions, the person wanting to withdraw your money must already have a high level of intelligence, as they need to select a cryptocurrency and execute high-frequency trades against you. Generally, the chances of encountering such scams are relatively low, and you also have some reaction time.