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Telegram trading bots are hot, but don’t trust them for custody — Security firms

Published 08/10/2023, 07:30 PM
Updated 08/10/2023, 09:00 PM

Telegram trading bots, which have been turning the messaging platform into a quasi-crypto marketplace, pose significant security risks for users and require further scrutiny, according to blockchain security firms.

While such trading bots have existed for years, they've recently gained attention as crypto markets gain and associated bot tokens have gained in price, blockchain security firm CertiK told Cointelegraph.

The daily trading volume of Unibot users since late May shows a spike around late July. Source: Dune

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