11/4/2021- 6:10 p.m.
Crypto investors lose $500K to Google Ads pushing fake wallets
Threat actors are using advertisements in Google Search to promote fake wallets to steal user’s crypto by using cloned websites that look just like the real ones. (BleepingComputer)
The ads promote websites with slight, hard-to-notice differences compared to the official domains – researchers at CheckPoint saw a surge in relevant scamming reports over the past weekend, with numerous ads tricking victims.
When visiting one of these fake sites, users will be prompted to create a new wallet, including writing down a recovery phrase used to restore the wallet and a password to access – any cryptocurrency transferred into that wallet is now also accessible by the threat actors.
The advertisements have reportedly since been taken down by Google.
