Data from Google Ads coupled with blockchain analytics reveals that over $4 million has been stolen from users that have fallen for malicious phishing websites promoted on Google.
According to Web3 anti-scam service provider ScamSniffer, malicious adverts for phishing websites have been prevalent on Google ads searches in recent weeks. The URLs lead to fraudulent websites that prompt wallet login signature requests that compromise users’ addresses.
1/ A recent surge in phishing scams via Google search ads has led to users losing approximately $4 million.
ScamSniffer has investigated multiple cases where users clicked on malicious ads and were directed to fraudulent websites.#PhishingScams #GoogleAds pic.twitter.com/vuKCgSuFnV— Scam Sniffer (@realScamSniffer) April 27, 2023
A number of decentralized finance protocols, websites and brands, including Zapper.fi, Lido, Stargate, DefiLlama, Orbiter Finance and Radiant, have been targeted by scammers. Slight changes to official URLs make it difficult for users to identify that they’ve clicked on malicious links.
Analysis of metadata from a number of the phishing websites in question has been linked to advertisers located in Ukraine and Canada. The users responsible for placing the malicious adverts…
