Check Point says the scammers place Google Ads designed to look like official wallet websites like Phantom App or MetaMask. Researchers even saw scams mimicking crypto exchanges…
In brief: Security analysts at Check Point Research report that scammers have ripped off more than $500,000 in cryptocurrency in just a few days over the weekend. The scam involves placing Google Ads to funnel unsuspecting victims to phishing sites. Check Point says the scammers place Google Ads designed to look like official wallet websites like Phantom App or MetaMask. Researchers even saw scams mimicking crypto exchanges such as Pancake Swap. Since these are advertisements, they appear above the actual search results, so they are the first thing the victims see and are very convincing in appearance. Clicking the ad takes users to a webpage designed to look as close to the official website as possible. Existing users are prompted to sign in, which steals their credentials for the scammers to use later. What is more insidious is that victims are presented with a passphrase to an account that the attackers control when creating a new wallet.
