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HomeCrypto CrimeDon’t Fall for This Crypto ‘Front Running’ Scam on YouTube

Don’t Fall for This Crypto ‘Front Running’ Scam on YouTube

A recent report revealed a 600% increase in these “passive income” scams on YouTube.

If you’ve ever made the mistake of searching “crypto” on YouTube, you’re probably still being bombarded with ads about how to make money via the digital currency. You will be shocked to learn that not all of these offers are on the level. One new trend, called “front running”, has been gaining traction of late, purporting you can make as much as $1,400 a day in passive income with crypto. It’s also a great way to get scammed.

A new report from blockchain security firm Certik has found that out of 232 YouTube videos with the phrase “front running bot” in their title, 84% were scams—a six-fold increase from 2021. To understand how this technique is being used to trick victims into giving their crypto away, first we must understand what front running is.

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