Google Ads Phishing Scam Stealing Crypto Wallets: Check Point Research

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New Google Ads scam steals crypto wallets, new study from Check Point Research (CPR) warns. The new scam allowed criminals to steal hundreds of thousands of dollars’ worth of cryptocurrencies over the past weekend. According to the report, scammers are placing ads at the top of Google searches mimicking popular wallet brands like Phantom and MetaMask in an attempt to trick users into giving up their wallet passphrase and private key. Check Point Research estimates that over $ 500,000 worth of crypto (approximately 3.72 billion rupees) was stolen in a matter of days.

In a new blog post, Check Point Research explains that attackers are using Google search as an attack vector to attack victims’ crypto wallets. Hundreds of thousands of dollars worth of crypto have been observed to be stolen from wallets by scammers. To attract their victims, scammers placed Google Ads at the top of Google searches, imitating popular wallets and platforms like Phantom App, MetaMask, and Pancake Swap. Each ad contained a malicious link which, after clicking, directed a victim to a phishing website that copied the brand and message of the original wallet website. From here, the scammers tricked their victims into revealing their wallet passwords, setting the stage for wallet theft.

Check Point Research urges the crypto community to remain on high alert. The official domain “phantom.app” has several phishing variants such as phanton.app or phantonn.app, or even various extensions such as “.pw” and more. The report says that 11 compromised wallet accounts were discovered, each of which contains crypto worth anywhere from $ 1,000 (approximately rupees 74,400) to US $ 10,000 (approximately rupees 7,74,000). Check Point Research estimates that over $ 500,000 (approximately 372 lakhs) was stolen this past weekend.

To protect crypto wallets from phishing sites, users need to check the browser URL and look for the extension icon. It is recommended that you never give a passphrase to anyone. It is also recommended to skip the ads in Google Search and always go for the first sites in the results.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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