Google Ads for Faux Cryptowallets Net Scammers At Least $500K

upnorth

Moderator
Thread author
Verified
Staff Member
Malware Hunter
Well-known
Jul 27, 2015
5,459
Crypto-thieves are buying Google Ads to target victims with fake wallets, which steal credentials and drain balances. So far, it looks like the cybercrooks have made off with more than $500,000 and counting.

The ads serve links to purportedly download popular cryptowallets Phantom and MetaMask, according to a new report from Check Point Research. “Over the past weekend, Check Point Research encountered hundreds of incidents in which crypto-investors lost their money while trying to download and install well known cryptowallets or change their currencies on crypto-swap platforms like PancakeSwap or Uniswap,” Check Point analysts said. Attackers started by putting Google Ads to work searching for potential victims, the report explained. Clicking on the malicious Google Ad takes the user to a malicious site doctored to look like the Phantom (or sometimes MetaMask) wallet site.
 

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.

Top