According to Cointelegraph, a blockchain security company stated that Telegram trading bots turned the communication platform into a similar cryptocurrency market, posing significant security risks to users and requiring further review. Blockchain security company CertiK said these trading bots have received attention recently as the crypto market grows and the price of related bot tokens rises. Currently, the total market capitalization of Telegram’s bot tokens is close to $250 million. The largest robot is Unibot, and other popular robots include Wagie Bot and Mizar. However, CertiK warns that many Telegram bots create crypto wallets for users, but only some actually provide private keys. CertiK said: “Although these platforms offer high-volume DEX trading options, they should be considered extremely high-risk and not suitable for medium- to long-term storage of assets.”