Illegitimate Google Ads Uses Fake Wallets to Steal Crypto

Share post:

Threat actors are capitalizing on Google search ads to promote fake cryptocurrency wallets in order to defraud victims of their cryptocurrency.

In a recent discovery by security researchers at CheckPoint, threat actors can achieve this dubious goal by cloning real websites, leading unsuspecting victims to believe they are installing the legitimate platform.

As soon as users visit one of the fake websites, for example Phantom, they are prompted to create a new wallet and at the same time file a recovery phrase used to restore the wallet and password for access.

With these details, attackers can access any cryptocurrency stored in the wallet. Once set up, victims are redirected to the real Phantom wallet page, where they download the official Chrome plugin.

For the campaign impersonating MetaMask, the threat actors not only divert Ethereum transactions, but also steal all the assets the victim has.

Users are advised to follow a number of procedures to keep their cryptocurrency secure, including not entering their passphrase / private key on a website or sharing it with anyone; checking the platform’s URLs before entering credentials; ensuring that clicking on website results and not on promoted ads occurs while searching for wallet apps on Google; taking time to assess signs of fraud.

For more information, read the original story in Bleeping Computer.

Featured Tech Jobs


Related articles

Cyber Security Today, April 24, 2024 – Good news/bad news in Mandiant report, UnitedHealth admits paying a ransomware gang, and more

This episode reports on the danger of using expired open-source packages, a tool used by a Russian hacking group and passw

Google Play introduces new biometric verification with a user warning

Google has recently announced updates to the biometric verification process for Google Play purchases, aiming to bolster security...

Cyber Security Today, Week in Review for week ending Friday April 19, 2024

On this episode Jen Ellis, co-chair of the Ransomware Task Force, talks about ways of fighting one of the biggest cyber threats to IT d

Cyber Security Today, April 19, 2024 – Police bust phishing rental platform, a nine-year old virus found on Ukrainian computers, and more

This episode reports on a threat actor targeting governments in the Middle East with a novel way of hiding malware is going international

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways