ScapesMania

Whales Market

<a href="https://www.marketwatch.com/investing/stock/googl" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Google</a> has come under scrutiny for inadvertently promoting a malicious cryptocurrency website through its Google Ads service.
This website, masquerading as the legitimate Whales Market—a platform known for facilitating the trade of airdropped tokens—leads users to a phishing clone that can drain their cryptocurrency holdings.
BleepingComputer first reported on this issue, revealing that cybercriminals are advertising a counterfeit version of Whales Market.
This fake site appears at the top of Google search results as a sponsored link.
While it presents a credible domain address in the search results, it redirects users to a fraudulent site, [www.whaels.market] instead of the genuine [www.whales.market].
According to Cointelegraph’s findings, Google currently displays this bogus Whales Market as an advertisement.
This deceptive strategy involves not only the use of a similar domain name but also replicating the user interface of the real Whales Market site.
Unsuspecting users are tricked into connecting their digital wallets, at which point malicious scripts are activated, leading to the theft of cryptocurrency.
The issue extends beyond a single instance. BleepingComputer notes that the perpetrators have created several look-alike domains, including [www.whaless.market], which has since been deactivated.
This method of exploiting Google’s advertising platform is not new.
READ MORE: <a href="https://www.cryptointelligence.co.uk/scapesmania-surging-in-market-momentum-will-it-surpass-near-protocols-growth/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ScapesMania Surging in Market Momentum: Will It Surpass NEAR PROTOCOL’s Growth?</a>
Scammers have previously used Google Ads to direct victims to fake cryptocurrency services, causing significant financial losses.
For example, nearly $900,000 was stolen from a wallet owned by billionaire Mark Cuban after he fell victim to such a scam.
The broader impact of these scams is highlighted by the “MS Drainer” service, which was advertised through Google Ads and used to steal around $59 million in crypto over nine months.
This service targeted users of popular crypto sites like Zapper, Lido, and others, showcasing fake versions of these platforms.
Google’s response to these fraudulent activities includes legal action. In April, the tech giant filed a lawsuit against
Yunfeng Sun and Hongnam Cheung, two Chinese nationals accused of running counterfeit cryptocurrency investments via the Google Play store.
The problem of wallet drainers continues to plague the Web3 ecosystem, with significant amounts being stolen.
Notably, the developer of the “Inferno” drainer claimed to have retired after stealing over $80 million.
Similarly, the creator of “Monkey Drainer,” which had extracted around $13 million, announced retirement in March.
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

Google Ads Unwittingly Promotes Phishing Crypto Site, Leading to Significant User Losses

Crypto Intelligence

Other articles published on Apr 20, 2024

Bitcoin Halving 4.0 Is Now A Success, What Happens to BTC Price Next?

Solana (SOL) Aims for Rebound After Steep Correction, Key Levels to Watch

Michael Saylor Breaks Silence on Bitcoin Price in Connection to Halving

SHIB Enjoys A Short-Lived Uptick With As DOGE Drops – Is Billion Dollar Jackpot The Beginning Of ...

Bitcoin dips under $60,000 amid worsening Middle East crisis

Brazilian Startups Revolutionize Farming with AI Innovations

Join our free newsletter for daily crypto updates!