By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > BLOCKCHAIN NEWS > Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users
AIBLOCKCHAIN NEWSNews

Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users

news room
Posted news room March 20, 2023 204 Views 3 Min Read
Updated 2023/03/20 at 10:36 PM
Project AI Powered Trading Platform Accused of Draining 1M from Users
SHARE

Project Harvest Keeper claiming to be AI-powered has allegedly drained $1 million from its users’ accounts, according to recent reports. The project, known as “AI Trade”, advertised an algorithmic trading platform that could allegedly generate significant profits with minimal effort required from users.

Contents
Trading process using AI TradeHarvest Keeper is a scamExtravagant promises

However, many users who invested in the platform soon discovered that their funds had been depleted without their knowledge or consent. Some have even reported being unable to withdraw any remaining funds from the platform, leading to suspicions of fraudulent activity.

Trading process using AI Trade

AI Trade had marketed its platform as an innovative solution that combined artificial intelligence with blockchain technology to enable users to earn passive income.

Harvest Keeper is a scam

Blockchain security platform CertiK has confirmed that Harvest Keeper, a purported AI-powered trading platform, has stolen approximately $933Kof users’ assets. CertiK also revealed that users have lost around $219K from ice phishing transactions across Ethereum, BNB Smart Chain, and Polygon networks. CertiK advised users to revoke the permissions they gave to Harvest Keeper and warned people to refrain from interacting with the platform’s website.

Extravagant promises

Harvest Keeper had promised its users a 4.81% return on their deposits, claiming to optimize the trading process using AI.

The platform made even more extravagant promises return on investment within 21 days and an 8% referral reward

Despite these promises, Harvest Keeper was revealed to be a scam that exploited investors’ trust and deceived them into giving up their hard-earned assets.

Harvest Keeper have almost 30K followers on Twitter and more than 32K followers on its Telegram channel.

The incident serves as a stark reminder of the risks involved in investing in untested platforms. As such, users must exercise caution when exploring investment opportunities, conduct thorough research, and remain vigilant for any signs of fraudulent activity. By taking these precautions, investors can help protect themselves from scams and other malicious schemes.

#CertiKSkynetAlert 🚨

We can confirm that @Harvest_Keeper is a scam.

At the time of writing, we can confirm ~$933k of users' assets have been stolen.

Revoke permissions to EOA: 0x250ce5a8d8a8f0345fb8708e0575c8ede7710c14

Do not interact with the project's URL. pic.twitter.com/MeQRSeydND

— CertiK Alert (@CertiKAlert) March 19, 2023

However, it now appears that the platform’s alleged AI capabilities were nothing more than a marketing gimmick. Many users have reported that their funds were likely drained by human actors rather than advanced algorithms. The project’s promises of easy profits were little more than a scam.

The incident highlights the need for caution when investing in new and untested platforms. Particularly those that claim to use advanced technologies such as AI and blockchain.

As always, it’s crucial to thoroughly research any investment opportunity before committing funds, and remain vigilant for fraudulent activity. By taking these steps, investors can help protect themselves from falling victim to scams and other fraudulent schemes.

TAGGED: AI trading, AI-Powered

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article New York allows Binance Voyager deal to proceed without holdings New York Judge allows Binance-Voyager deal to proceed without holdings
Next Article Crypto Fear and Greed Index has reached its highest level Crypto Fear and Greed Index has reached its highest level
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Elliptic drives crypto adoption with advanced analytics.
Institutions Demand Advanced Blockchain Analytics to Drive Crypto Adoption: Elliptic
News May 29, 2023
Metacrun.ch and Byte City Uniting the Metaverse for Unforgettable Experience
Metacrun.ch and Byte City: Uniting the Metaverse for Unforgettable Experience
News May 29, 2023
Non Fungible Conference the leading experimental web3 event focused on NFT
Non Fungible Conference, the leading experimental web3 event focused on NFT
PRESS RELEASE May 27, 2023
Join us
Ad imageAd image

You Might also Like

Elliptic drives crypto adoption with advanced analytics.
News

Institutions Demand Advanced Blockchain Analytics to Drive Crypto Adoption: Elliptic

May 29, 2023
Metacrun.ch and Byte City Uniting the Metaverse for Unforgettable Experience
News

Metacrun.ch and Byte City: Uniting the Metaverse for Unforgettable Experience

May 29, 2023
Big Eyes Presale Concludes Hollywood X Pepe Poised for Significant Growth
News

Big Eyes Presale Concludes, Hollywood X Pepe Poised for Significant Growth

May 27, 2023
Binance Introduces NFT Loan Feature Transforming Crypto Art Market
EXCHANGESLATEST NFT NEWS & METAVERSENews

Binance Introduces NFT Loan Feature, Transforming Crypto Art Market

May 26, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?