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Cryptocurrency Telegram Bot Earned More Than $4.8 Million in May

1 min
Translated David Thomas
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In Brief

  • A Telegram crypto trading bot earned $4.8 million in DeFi commissions.
  • The bot charges a 1% trading fee on a minimum wallet balance of 0.1 ETH.
  • The bot needs your private key to trade.
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A Telegram crypto trading bot earned about $5 million in commission in May alone after investors allowed it access to their crypto wallets.

Crypto telegram bot Maestro earned over $4.8 million in May commissions by following indicators from DefiLlama. It previously earned $1.4 million in April.

BeInCrypto Warns Against Revealing Keys

Maestro offers copy trading through buying tokens on decentralized exchanges, tracking wallets, and following trading signals. It charges a 1% commission on successful transactions after a connected wallet reaches about 0.1 ETH.

Telegram Bot Trading Fees from Wallets on BNB, Ethereum, and Arbitrum
Maestro Trading Fees by Chain | Source: DefiLlama

BeInCrypto’s editors found that the bot offers options to create a new wallet from scratch or import an existing one on Ethereum and BNB Chain. The user must supply the bot with their private key for signing transactions.

Accordingly, both options expose private data and can result in the project’s developers deducting 100% of the wallet’s balance as commission. BeInCrypto’s editorial board strongly cautions readers against disclosing private wallet keys protecting a significant amount of crypto.

In addition to the keys, trading bot users must also deanonymize themselves by revealing their IP addresses through automatic verification.

Telegram Offers Many Trading Bots Requiring Verification

Notably, Telegram previously deployed several bots for cryptocurrency trading. The messenger service lets you buy crypto through a @wallet bot that uses your bank card. The user will need to pass verification.

BeInCrypto’s editorial team previously compiled a selection of cryptocurrency Telegram channels worth community members’ attention.

Do you want to get updated information about what is happening in the world of cryptocurrencies? Subscribe to our news channel and join our Telegram community.


In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

David Thomas
David Thomas, a seasoned electronic engineer with nine years of expertise, has built a distinguished career by combining his passion for writing with an in-depth understanding of...