According to a fresh study from Check Point Research (CPR), a new Google Ads fraud is snatching crypto wallets. In the last weekend, wrongdoers were able to steal hundreds of thousands of dollars worth of cryptocurrencies thanks to a new scam. Scammers are putting adverts at the top of Google Search that seems like prominent wallet companies like Phantom and MetaMask to fool users into handing over their wallet passcode and private key, according to the research. Over $500,000 (approximately Rs. 3.72 crores) in cryptocurrency was stolen in a couple of days, according to Check Point Research.
Attackers are utilizing Google Search as an attack vector to target victims’ crypto wallets, according to a new blog post by Check Point Research. Scammers stole hundreds of thousands of dollars worth of cryptocurrency from wallets, according to the report. Scammers used Google Ads at the top of Google Search to entice victims by imitating popular wallets and services like Phantom App, MetaMask, and Pancake Swap.
Each advertising featured a malicious link that, when clicked, sent the user to a phishing website that mimicked the real wallet website’s branding and messaging. The fraudsters then deceived their victims into handing up their wallet passwords, laying the groundwork for the next step.
The crypto community should remain on high alert, according to Check Point Research. Phishing versions of the legitimate domain “phantom.app” include phantom.app and phantom.app, as well as alternative extensions like “.pw” and others. According to the study, 11 hacked wallet accounts were identified, each carrying cryptocurrency worth $1,000 to $10,000 (approximately Rs. 74,400). (roughly Rs. 7,74,000). According to Check Point Research, over $500,000 (about Rs. 372 lakhs) was taken the weekend.
Users must study the browser URL and seek for the extension symbol to safeguard crypto wallets against fraudulent sites. Passwords should never be given out to strangers.
In Google Search, it’s also a good idea to bypass the advertising and go straight to the top few results.