Protecting Your Assets: What You Need to Know About MEV Bot Frauds in Web3

Why Are MEV Bot Scams So Dangerous?

The decentralized universe of Web3 offers opportunities but also exposes users to unprecedented risks. One of the most sophisticated schemes currently circulating is fraud involving fake MEV (Max Extractable Value) bots. This type of attack is particularly insidious because it exploits two of the biggest human motivators: greed for quick profits and trust in technology that most people do not fully understand.

Unlike traditional scams, Web3 criminals leverage the immutable nature of smart contracts. Once malicious code is deployed on the blockchain, it remains there permanently, executing its destructive instructions automatically and without the possibility of recovery.

The Mechanism Behind the Fraud: How the Fake MEV Bot Operates

To understand how to protect your funds, it is essential to precisely comprehend how this fraud engineering works. The process generally follows this flow:

Stage 1: The Initial Seduction

Criminals publish tutorial videos on popular platforms, presenting an “innovative smart contract” capable of executing automatic MEV arbitrage. The video is convincing, well-edited, and promises extraordinary returns. An interested victim, after following the step-by-step instructions, deploys this contract in their wallet and makes an initial deposit – sometimes starting with 2 ETH as documented in recent reports.

Stage 2: The Illusion of Profit

This is where the scam reveals its true sophistication. The crimin