Security News > 2021 > November > Google Ads for Faux Cryptowallets Net Scammers At Least $500K

Crypto-thieves are buying Google Ads to target victims with fake wallets, which steal credentials and drain balances.

Clicking on the malicious Google Ad takes the user to a malicious site doctored to look like the Phantom wallet site, Check Point noted.

The legitimate site offers users the Phantom wallet Google Chrome extension.

Crypto-criminals also targeted MetaMask wallets, buying Google Ads that took victims to a malicious site that looked like the legitimate MetaMask site.

Fanatic interest in all things crypto in some corners of the internet aside, it should be noted that Google Ads are increasingly being abused to find targets for many kinds of fraud.

Underscoring how easy it is to leverage Google Ads for criminal enterprise, a teenager was recently arrested after he bought enough Google Ads to rank his malicious link above its legitimate gift card site counterpart.

News URL

https://threatpost.com/google-ads-cryptowallets-scammers/176047/