The crypto world is full of dangers with the scammers lying in wait for the newbies and novices. The security outfit Check Point Research highlights the patent form of attack that uses the Google Ads to direct users to fake Crypto Wallets. In Report the CPR said, it has been roughly half a million dollars siphoned off through these methods in just the last few days.
The Attackers can buy the Google Ads in response to searches for popular Crypto wallets. It is noticed that the scams targeting Phantom and Meta Task wallets that are most popular wallets for the Solana and Ethereum ecosystems. The Scam is fairly Typical Phishing Attack, the unsuspecting User Google phantom and it directs them to a phishing website that looks like the real thing.
One of the 2 things happens one is the user enters their credentials which the attacker keeps or much weirder if they try to create the new wallet they told to use the recovery password, which actually logs them into the wallet controlled by the attacker not their own. In the phishing attacks the attackers rely on making their fake log in pages that look as much as possible like the real thing.
The CPR notes that; the attackers use fake URLs to trick users and directing them to Phanton app etc. they uses the similar phishing scams to directs the users to fake crypto currency exchanges masquerading as legitimate outfits, for example PancakeSwap and UniSwap.
The researchers also started noticing these scams after seeing crypto users complain, about their losses on Reddit and other forums. Group offers the few words of wisdom for the users that are hoping to avoid these pitfalls and includes never Clicking on Google Ads results, but instead looking at search results and always checking the URL of the sites that users are vsisting.