Telegram is a popular platform for crypto discussions, but it’s also full of scams. I recently joined a Telegram group that promised access to a trading bot that could “guarantee” profits by analyzing market trends. The group was full of people talking about their success with the bot, and the admins posted daily updates showing huge profits.

They offered a “limited-time” deal to buy access to the bot for just $500, claiming that the price would go up soon. The group was active, and the testimonials seemed real, so I decided to take the plunge. I sent the $500, and they provided me with instructions on how to set up the bot.

Once I started using the bot, it initially made a few profitable trades, but soon it started executing trades that didn’t make any sense. My balance began to drop rapidly, and when I reached out to the group admins for help, they ignored my messages. It became clear that the bot wasn’t designed to help traders—it was designed to create a few small wins to build trust and then drain accounts with bad trades.

I was lucky enough to pull out before losing everything, but others in the group weren’t as fortunate. After some investigation, I found that the group had been running this scam for months, changing the bot’s name and starting fresh groups every few weeks.

This experience taught me to be extremely cautious of any trading bots or systems that claim to guarantee profits. No legitimate bot will promise consistent returns, and you should always be wary of any group that pushes you to act quickly to secure a deal. The crypto world is full of uncertainty, and anyone who claims to have a foolproof system is likely trying to scam you.