Security News > 2024 > January > X users fed up with constant stream of malicious crypto ads
Those who frequent the space are now bombarded by what appears to be an endless stream of malicious ads.
"Im not lying when I say EVERY single ad I am seeing on X is a scam link targeted at crypto to drain peoples wallets," reads a post on X. While attackers have been abusing X's ad platform for some time, the sheer volume of malicious ads has increased rapidly over the past month, causing security researcher MalwareHunterTeam to track them.
The researcher has been posting screenshots of X ads containing crypto scams, almost all coming from verified users.
It has gotten so bad that other X users must leave community notes on ads to warn others that they are scams or wallet drainers.
It's unclear what vetting process X has in place to prevent these ads, but many users are frustrated that there is not much scrutiny on what ads are allowed to run on the site.
This has led X users to believe that Twitter is turning a blind eye to these malicious ads to bolster its dwindling advertising revenue.