What a coincidence that I've just replied to another thread shared by a newbie on how his funds were stolen by a snipping 'bot'.
The moment I connected my walletA few months back, my entire balance more than $200 that I had saved for so fast quickly gonejoined a group chat where people were discussing a "sniping bot" that could allegedly assist you buy new currencies before their prices up. ThereThe community was no noticepleasant and competent, no ability to reverseand the purchasebot was free to use, and no oneso I figured I had nothing to contact for assistancelose. The crooks vanished, and I lostThey wanted me to connect my money permanentlycryptocurrency wallet to the bot so it could "analyze" my holdings and assist me with trading.
The moment I connected my wallet, my entire balance more than $200 that I had saved for so fast quickly gone. There was no notice, no ability to reverse the purchase, and no one to contact for assistance. The crooks vanished, and I lost my money permanently.
It's probably just another term for "arbitrage" but be careful with the links and bots that are posted here and everywhere. If it's also requiring to connect the bot to your wallet, don't do such. Protect your funds and much better to avoid such bots.