How AML Bots Turn “Risk Scores” Into an Excuse to Steal Your Crypto
After a scam exchange blocks your crypto, they will inevitably tell you: "Oh, you! You should have checked your wallet's AML before sending!"
One of the members of our chat did exactly that and received this report:
The risk is minimal, 76% of the crypto is from trusted sources, 23% from anonymous ones... So what's the problem? Why was this transaction blocked then?
In response to the user's outrage, the exchange sends them a different report—for the exact same transaction from the exact same bot, but with completely different information: 96% high risk!
The user contacted the AML bot's support team to ask which report was real and which was fake (obviously, they both can't be real), to which support replied that both reports are real!
The thing is, the AML bot now has two verification modes. In the standard mode, the user sees a report that excludes high-risk sources (and mind you, the user even pays $2 for this report), while in business mode, the exchange sees a report that includes these "dangerous" sources, leading them to make the difficult decision to seize these "dirty" assets for their own benefit.
Here are a few quotes from their blog post:
At AMLBot, our goal is to provide relevant and actionable insights. That’s why we’ve designed two separate modes to deliver exactly what you need, without unnecessary complexity.
What does a simple sucker need? That's right—to have their money stolen. You go to the bot, pay 2 bucks, and calm down—my crypto is fine, I can send it to the exchange.
As you know, we provide comprehensive analytics to ensure thorough risk assessment. However, specific data cannot be accessible to everyone due to regulation and abuse of address risk assessment information.
Users started abusing the bot and sending less money to scammers when they saw some bot waving a red flag near their addresses! Therefore, it was decided to replace the red flag with a green one!
This expanded information is available exclusively to businesses (Business Mode), allowing them to leverage detailed insights for regulatory compliance and on-chain investigations.
Simply put, Personal Mode focuses on simple checks for individual users seeking peace of mind. At the same time, Business Mode is built for organizations that require advanced tools and deep analytics.
Standard mode is for suckers, so they pay 2 bucks and, having found "peace of mind," send their money to scam dumps. Business mode is for exchanges, so they can steal that money. Everything brilliant is simple!
However, Business Mode requires verification to ensure that detailed compliance information and expanded insights are only available to authorized parties entitled to use this information for professional purposes.
Personally, it was clear to me from the start that the AML bot is a mafia-like structure that wedged itself into the cash flows between users and exchanges and started deciding whose money can be stolen and whose should be.
But now they have even stopped being shy about the fact that they were created for this very purpose! Everything is out in the open and written in plain text right in their blog!
They have perfectly optimized this scam funnel:
- The user goes to the bot, pays 2 bucks, and gets a green report.
- The user goes to the exchange and sends the "green" crypto.
- The exchange, in business mode, gets a report that this crypto is actually red.
- The user is left without money.
This worked well even before the "sucker/exchange" split, but for some reason, there was a need to take this whole situation to the point of absolute absurdity.
However, I am well aware that brainwashed AML devotees won't be convinced even by this that it's all a scam. There will always be arguments like "you just need to check in a different bot" or "just go through verification, what's the problem?"
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