Muh bro from North Carlina put me into this story. They not a dapp so he dont wanna say nothink public or David whatshisface CEO might shitcan the bros accunt. Add to the stories of crypto scams.
ARB has this aBot feature where yu vest tokens for daily returns of ARB. The value of your vested aBot is in USD and the payoot made daily converted to ARB at an aBot price. You can then sell the ARB for ETH. Bro got a couple of grand in aBot.
Here's the scam. Nobody ever seen publick evidence aBot is doing arbitraging on chain.
The aBot price for converting daily earnings from uSD to ARB is many mutlipools higher than market price.
Also. Now aBot has gas fees. Some fee is fair bt the bro reckons the gas fees is thousands of multipools bigger then any other fund charges. Gas fees charged at USD rate, but payable in ETH or at the markeet prise for ARB not at the inflated aBot prize.
Slowly bleeding the bro dry he reckons. Bail out now but there are low limits on amount can be sold per day. Stopped aBot worth a couple of USD value gives barely a tenth of that sold as ARB on markeet.
No doubt David scamEO will call out ppl like my bro on the next shill livestreem for bring toxsic. Farkin krak up.
That was my Bros car tho eh. Going to buy car now his saving karked it.
Cant belief such scam still opparating in crypto land post 2018. But another bro he reckuns this is all true. Embarrassed to admit he is in bt he only in for a couple hundo.
Call the SEC. Expensive popcorn.
