On-chain sleuth Specter said attackers behind an ongoing campaign are using YouTube videos to distribute so-called arbitrage bot tutorials and code, then steering victims to a fake Remix development interface to compile and deploy contracts. The setup is designed to look legitimate from the start.
According to Specter, the attackers also registered ENS names containing "Uniswap" and used those addresses to mimic incoming transfers from legitimate DeFi activity. That presentation can make victims think the arbitrage bot they deployed is earning profits through Uniswap, when the flow is actually part of the scam.
Once victims send their own assets into the contract, the funds are moved out by the attackers. Specter added that the threat actors appear to remain active and are still holding a sizable share of the stolen assets across two addresses.
ChainCatcher reported, citing on-chain investigator Specter, that attackers in the campaign are using YouTube videos to offer supposed arbitrage bot tutorials and code, then directing victims to a fake Remix development interface to compile and deploy contracts.
The attackers registered ENS names containing "Uniswap" and used the related addresses to pose as the source of deposits from legitimate DeFi activity. That can lead victims to believe the arbitrage bot they deployed is generating profits through Uniswap. After victims inject their own assets into the contract, the funds are transferred away by the attackers.
Specter said the attackers appear to still be active and currently hold a sizable portion of the stolen funds in two addresses.
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