- Fraudsters used Google to place malicious phishing ads.
- The criminals stole nearly $400,000 worth of cryptocurrency from the victims.
Fraudsters pocketed $400,000 by posting fake ads for a DEX exchange. Uniswap on Google. About this сообщил On-chain analyst under the nickname b-block.
The founder of the marketing agency Web3 Green Dots also warned, that criminals are stealing users’ funds through phishing ads for a popular Google platform, and shared a screenshot of such an ad.
It’s crazy that Google has ignored this problem for years: fake links continue to displace real ones, and users continue to lose money, she said.
Indeed, the Block-analysts DeFillama already warned about phishing activity in Google search results. A representative of the cryptocurrency non-profit organization Security Alliance (SEAL) stated, that scammers are buying ads from legitimate crypto exchanges and protocols to gain a better position in the «Sponsored Results» section of search results. SEAL has blocked more than 356 such malicious ad links.
This indicates a consistent number of malicious Google Ads ads that attackers have been placing weekly for over a year. The campaign continues unabated, and we are receiving more and more reports from affected users, the company added.
Because criminals use convincing clones, people don’t notice the difference and instead turn to phishing sites and resources. As a result, a total of $1,27 million was stolen from March 13 to 30.
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