Medium.com is a popular online platform where anyone can publish their own articles on various topics. However, not all articles on Medium.com are trustworthy or reliable. Some of them are promoting scam schemes that are leading to financial loss for people looking for MEV Bots or crypto arbitrage bots.

Understanding MEV Bot Arbitrage

MEV Bots and crypto arbitrage bots are software programs that run algorithms to detect and execute profitable opportunities on the Ethereum blockchain. They can exploit price differences, transaction ordering, flash loans, and other strategies to generate profits for their users. However, they also require a deep understanding of blockchain mechanics, a solid codebase, and a competitive edge. They are not easy or cheap to obtain or operate.

Anatomy of the Scam

Some Medium.com articles claim to offer free or easy solutions for MEV Bots or crypto arbitrage bots. They provide detailed instructions on how to deploy a smart contract via Remix IDE, a web-based tool for developing and testing Ethereum smart contracts. They also provide links to their own code repositories or websites where users can download or copy the code. However, these articles are actually part of a scam scheme that aims to steal users’ funds and private keys.

The code that these articles provide is not a genuine MEV Bot or crypto arbitrage bot. It is a malicious contract that contains a hidden backdoor that allows the scammers to drain the users’ funds to their own addresses. The code is complex and obfuscated to deceive the users and hide the backdoor. The articles also instruct the users to use a fake website, such as remixcompiler.com, instead of the real Remix IDE website, remix.ethereum.org. This fake website is designed to look like the real one, but it actually steals the users’ private keys when they connect their wallets.

Many users looking for free or easy MEV Bots or crypto arbitrage bots have fallen victim to this scam. They have lost their funds and their private keys to the scammers. Some of them have reported their losses on social media or contacted legitimate MEV Bot or crypto arbitrage bot providers for help. However, there is nothing that can be done to recover their funds or keys once they are stolen.

Therefore, we urge our readers to be careful and vigilant when reading articles on Medium.com or any other online platform. Do not trust everything you read or see. Do not follow instructions or use code from unknown or unverified sources. Do not use fake or phishing websites that mimic the real ones. Do not share your private keys with anyone. Always do your own research and due diligence before investing or using any MEV Bot or crypto arbitrage bot. 

The lesson is clear: In the crypto world, there’s no such thing as a free lunch. Beware of promises that sound too good to be true, especially when it comes to MEV bots and arbitrage. Always verify sources, double-check addresses, and stay informed. The road to riches is paved with caution, not shortcuts.

Scam Articles: 

Beginner’s Guide to an MEV Bot: Creating an Arbitrage Bot on Ethereum Mainnet

MEV Bots 101: What are MEV Bots and How are They Making Millions?

Hack Analysis: 0xbaDc0dE MEV Bot, September 2022

Flashswap Arbitrage: Earn up to 10 BNB Profit in one Transaction

Flashswap Arbitrage: Earn up to 4 ETH Profit in one Transaction

Earning with Flashswap Arbitrage 2.5 BNB Daily

How I Earn 0.5 ETH Daily Using UniSwap ETH Trading Bot (NFA)