Harvest Keeper, a recently launched AI trading app, has been revealed as a scam after almost $1 million of users’ funds were drained through a series of attacks on its blockchain. CertiK, along with other crypto security firms, confirmed that the app was a fraudulent investment opportunity.
The attackers exploited a privileged getAmount function to drain the Harvest Keeper contract and transfer over $700,000 in USDT to an unknown address.
The app marketed itself as an innovative project based on artificial intelligence, offering investors high returns of 4.81% per day and a growth rate of 101% within three weeks.
However, the recent events have left users in a state of distress, with many expressing their frustration within the crypto community.
CertiK has advised people to stay away from all links relating to the project.
In addition to the getAmount function exploit, the attackers also used ice phishing to steal a smaller amount of approximately $219,000 across BSC, Ethereum, and Polygon.
Ice phishing is a type of web3 attack that deceives users into manually granting permissions by signing and approving requests.
The fraudulent app has left investors in a precarious position, with many questioning the security and legitimacy of AI trading apps.
This event highlights the need for investors to conduct thorough research and due diligence before investing in any project. Moreover, the incident underscores the importance of using reliable and trustworthy security measures to protect against such attacks.
