CryptoMediaClub
Sunday, July 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Scammers Used Google Ads to Steal $59M in Crypto

22.12.2023
A A
0
130
VIEWS
ShareShare

Analysts found that scammers actively used Google Ads to defraud crypto users by bypassing ad verification and content quality control mechanisms. Such tactics allowed attackers to swipe nearly $59 million in crypto over the past nine months.

Crypto Scammers Use Google Ads for Phishing

According to the Scam Sniffer report, Google’s ad services turned into a tool of scammers who actively used Google Ads to promote fake versions of popular crypto websites for the past nine months. Users lost about $58.98 million in cryptocurrency as a result of these scams.

A large-scale study launched in March by cybersecurity company SlowMist and picked up by Scam Sniffer analysts found that attackers actively circumvent Google Ads’ ad verification and content quality control mechanisms. Specifically, to make Google Ads auditing more difficult, scammers used:

  • regional targeting tactics;
  • page-switching;
  • web redirects.

Hackers used MS Drainer, a phishing script that allows digital assets to be transferred without confirmation from the owner, to steal cryptocurrencies via fake websites. The malware developers sell it through various forums for a fixed price of $1,499.99, with various additional modules to the script costing between $500 and $1,000. Unlike other similar hacking programs, the developers of MS Drainer don’t charge a percentage of the funds received through the script, which makes them completely anonymous.

Scam Sniffer analysts managed to track down 10,072 phishing sites that were promoted via Google Ads and contained MS Drainer in the last nine months. Among them were clones of major crypto projects such as Lido, DefiLlama, Radient, Zapper, Orbiter Finance, and Stargate. Overall, fraudsters managed to deceive 63,210 crypto users during this period.

In November, cybersecurity experts found that scammers were actively using fake social media apps like Skype or Telegram to conduct phishing.

Сообщение Scammers Used Google Ads to Steal $59M in Crypto появились сначала на CoinsPaid Media.

Share10Tweet6ShareSharePin2

Related Posts

Bitcoin Cash Futures Jump 24% as Active Addresses Hit Six-Year Low – Risk Ahead?
All news

Bitcoin Cash Futures Jump 24% as Active Addresses Hit Six-Year Low – Risk Ahead?

06.07.2025
0

Bitcoin Cash (BCH) fell 7.8% this week as $BCH crashed through $485, just as futures open interest pumped 24%, exposing...

Read moreDetails
Bitcoin Price Prediction: Whispers of Satoshi After 80,000 BTC Move – Market Sentiment Shift?

Bitcoin Price Prediction: Whispers of Satoshi After 80,000 BTC Move – Market Sentiment Shift?

06.07.2025
Abstract and K-Pop Agency Modhaus Partner to Give Fans a ‘Real Seat at the Table’

Abstract and K-Pop Agency Modhaus Partner to Give Fans a ‘Real Seat at the Table’

06.07.2025
$8.6B Bitcoin Move Sparks Fears of Massive Hack: Coinbase’s Conor Grogan

$8.6B Bitcoin Move Sparks Fears of Massive Hack: Coinbase’s Conor Grogan

05.07.2025
XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets $10 – What to Watch

XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets $10 – What to Watch

05.07.2025
Load More
Next Post
Solana briefly surpassed BNB in market cap as SOL approaches $100

Solana briefly surpassed BNB in market cap as SOL approaches $100

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

5-Year Peak in Google Searches for ‘Spot Bitcoin ETF’

2 years ago

Driven by Community not VCs, PEPE Fans’ Comeback on Coinbase’s ‘Ill-Conceived’ Take

2 years ago
Republican Presidential Debate Centers On Crypto Policies

Republican Presidential Debate Centers On Crypto Policies

2 years ago
BlackRock Alerts Investors Against Rising Crypto Scams Targeting Bitcoin and Ether ETF Holders

BlackRock Alerts Investors Against Rising Crypto Scams Targeting Bitcoin and Ether ETF Holders

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

$8.6B Bitcoin Move Sparks Fears of Massive Hack: Coinbase’s Conor Grogan

XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets $10 – What to Watch

Ethereum Price Prediction: ETH Gains 4% This Week, Yet Golden Cross Flops – Is $3,000 Out of Reach?

Glassnode’s James Check Warns Bitcoin Treasury Boom Could Be Short-Lived

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Trending

Bitcoin Cash Futures Jump 24% as Active Addresses Hit Six-Year Low – Risk Ahead?
All news

Bitcoin Cash Futures Jump 24% as Active Addresses Hit Six-Year Low – Risk Ahead?

06.07.2025
0

Bitcoin Cash (BCH) fell 7.8% this week as $BCH crashed through $485, just as futures open interest...

Bitcoin Price Prediction: Whispers of Satoshi After 80,000 BTC Move – Market Sentiment Shift?

Bitcoin Price Prediction: Whispers of Satoshi After 80,000 BTC Move – Market Sentiment Shift?

06.07.2025
Abstract and K-Pop Agency Modhaus Partner to Give Fans a ‘Real Seat at the Table’

Abstract and K-Pop Agency Modhaus Partner to Give Fans a ‘Real Seat at the Table’

06.07.2025
$8.6B Bitcoin Move Sparks Fears of Massive Hack: Coinbase’s Conor Grogan

$8.6B Bitcoin Move Sparks Fears of Massive Hack: Coinbase’s Conor Grogan

05.07.2025
XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets $10 – What to Watch

XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets $10 – What to Watch

05.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz