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AI Trading Bots Targeted by Scammers, Warns CertiK

2/24/2025

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Summary

Story summary

Scammers are now exploiting AI trading bots, following the LIBRA meme coin scandal, warns blockchain security firm CertiK. They create counterfeit tokens with concealed backdoors, tricking bots and causing substantial financial losses. CertiK's chief security officer stresses the urgent need for enhanced security measures to tackle these sophisticated threats.

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Story summary

Scammers are now exploiting AI trading bots, following the LIBRA meme coin scandal, warns blockchain security firm CertiK. They create counterfeit tokens with concealed backdoors, tricking bots and causing substantial financial losses. CertiK's chief security officer stresses the urgent need for enhanced security measures to tackle these sophisticated threats.