Use AI to avoid Smart Contract Scams (2024 re-share)

Even if you don't have a dev to help, you still have ChatGPT!

TLDR:

• A friend had me look at a tutorial that involved uploading code to the blockchain and once I looked at the code I found it was a scam.

• Most people are not coders though and may not know any devs, in which case AI can be your ally. ChatGPT was able to read the same code and spot the scam too.

• Whenever you are interacting with code that you are uncertain of its origins or intentions pass it into ChatGPT first to keep yourself safe.

This week was particularly frustrating as I wrote a really long and detailed post on how to set up a “Solana Snipe Bot” that I’d found on GitHub. I focused on making it super easy to follow and understand.

However, before releasing it I made sure to test the bot thoroughly. I left it running over night and in the morning the bot had ran out of money. I thought this was just because I’d gotten unlucky so I tried again, and sure enough I got the same result.

So I decided to dig in a bit deeper and I soon found that the bot was sending my money to a specific address Bw5DUpfriiMyHxK93KNuSLRszqpLhpVtfk4nQQmFj6ix! It was clear from the pattern of this address regularly receiving and sending out money that it was a scam address, and the bot was an elaborate scam!

I lost money and time but since I’m not sharing the bot at least you won’t. Hopefully you can learn from my cautionary tale and from this previous post below on how to use AI to avoid smart contract scams.