A platform or individual advertises an automated trading bot — often described with buzzwords like "AI-powered" or "arbitrage" — that supposedly generates consistent profits with little or no effort required from you.
You're asked to deposit funds into an account or wallet the operator controls, so the bot can "trade" on your behalf. A dashboard typically shows steadily growing paper profits, entirely disconnected from any real trading activity.
As with fake exchanges, withdrawal requests are met with delays, new fees, or simply go unanswered — the deposited funds were never actually being traded and are effectively gone from the moment they were deposited.