Don't Fall for This Crypto 'Front Running' Scam on YouTube – Lifehacker

Photo: Ground Picture (Shutterstock)If you’ve ever made the mistake of searching “crypto” on YouTube, you’re probably still being bombarded with ads about how to make money via the digital currency. You will be shocked to learn that not all of these offers are on the level. One new trend, called “front running”, has been gaining traction of late, purporting you can make as much as $1,400 a day in passive income with crypto. It’s also a great way to get scammed.A new report from blockchain security firm Certik has found that out of 232 YouTube videos with the phrase “front running bot” in their title, 84% were scams—a six-fold increase from 2021. To understand how this technique is being used to trick victims into giving their crypto away, first we must understand what front running is.What is crypto front running?A description of front running can get technical fast, especially if you’re not familiar with crypto. But in layman’s terms, front running involves bad actors waiting for a victim to make a crypto transaction that they hijack by paying more “gas fees” (which dictate the speed with which a transaction is processed on the blockchain) than the victim. This puts them
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