Crypto Users Lose Millions By Clicking On Google Ads 

Crypto users lost $4M in scams via phishing URLs and Google Ads

According to Web3 anti-scam service provider ScamSniffer, crypto scams through Google Ads and phishing URLs have been on the rise lately.

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The URLs lead to fraudulent websites which eventually take the users’ data leading to illegal possession of their assets.

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A number of DeFi protocols, websites, and brands, including Zapper.fi, Lido, Stargate, DefiLlama, Orbiter Finance, and Radiant, have been targeted by scammers.

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A little tweak in the original website’s URL makes it impossible for the users to identify what’s fishy.

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ScamSniffer’s database suggests that a whopping $4.16 million has been stolen from 3,039 victims through this method.

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The number of phishing websites in issue has been connected to advertisers in Canada and Ukraine through the analysis of their metadata.

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A report from Russian cybersecurity and anti-virus provider Kaspersky highlighted an increase in crypto-related phishing attacks through 2022, up 40% year on year.

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