- In a Twitter post, FatManTerra raised concerns about the security of telegram bot services.
- The anonymous critic called out crypto influencers for promoting what he termed a risky and sketchy model.
- Unibot, one of the fast-rising bot services, has, in a few months, reached a $142 million market capitalization.
Analyst FatManTerra has raised concerns about crypto Telegram trading bots. In a Twitter post, FatMan said the bot allowing users to view their private key via Telegram message is a “security nightmare waiting to happen.”
You guys are seriously depositing money into a Telegram bot that lets you view "your" private keys (their private keys) via Telegram message?Sounds like a security nightmare waiting to happen.
Not your keys, not your crypto – custody only what you are happy to lose.
— FatMan (@FatManTerra) July 24, 2023
The crypto sleuth also called out crypto influencers for shilling the bot services, knowing it could potentially lead to a rug pull. Since the infamous Terra-Luna collapse that kickstarted the crypto winter, FatMan has earned a reputation as a crypto market critic. Thus, the anonymous user is renowned for calling out risky and s…
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The post Crypto Watchdog Calls Telegram Crypto Trading Bots ‘Risky and Sketchy’ appeared first on Coin Edition.