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Google Ads Exploited for Phishing Scam
Google’s online advertising platform, Google Ads, has been used by threat actors to promote malicious crypto websites, putting users at risk of falling victim to phishing scams. One such instance involves a fake version of Whales Market, an over-the-counter (OTC) crypto platform for airdropped token trading.
Deceptive Sponsored Ads
These fraudulent websites are disguised as sponsored ads on Google search results, luring unsuspecting users into clicking on them. Despite appearing with seemingly legitimate domain addresses, users who engage with the ads are redirected to fraudulent domains, such as [www.whaels.market], instead of the authentic [www.whales.market].
Imitated Website Interface
The fake websites replicate the interface of legitimate platforms like Whales Market, tricking users into connecting their digital wallets. This action triggers malicious scripts that drain victims’ crypto holdings from their wallets.
Google’s Response to Crypto Scammers
Google is actively taking steps to combat crypto scammers who exploit its platform for fraudulent activities. In a recent lawsuit, the company targeted individuals from China for using the Google Play store to deceive users with fake crypto investments.
Lawsuit Against Scammers
Google filed a lawsuit against Yunfeng Sun and Hongnam Cheung, seeking a permanent injunction and damages exceeding $75,000. The lawsuit aims to hold the scammers accountable for their actions and prevent future incidents of fraud on the platform.
Protecting Users and Platform Integrity
Google’s efforts to safeguard users from crypto scams include deactivating fraudulent apps and implementing features like wallet balance searches for various blockchain networks. By taking legal action and enhancing platform security, Google is sending a clear message that it does not tolerate fraudulent behavior within its ecosystem.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
