Claude Trading Bot Scams Drain $517K From Crypto Users

The promise looked familiar: build a crypto arbitrage bot with Claude, follow a few steps on YouTube, fund the smart contract and let the software do the work.Instead, at least 224 crypto users lost more than $517,000 in Ethereum to a scam that used Anthropic’s Claude name as bait, according to blockchain intelligence firm TRM Labs.The campaign relied on nine YouTube tutorials that presented what appeared to be legitimate guides for creating an AI-powered trading bot. The videos had accumu