Scammers Targeting Crypto Market

Fraudulent activities in the cryptocurrency market are increasing. Google’s advertising platform Google Ads redirects users to fake sites that put users’ crypto assets at risk. These sites are designed as clones of real crypto platforms and are set up to deceive users. Recently, a fake version of the OTC platform Whales Market, set up for airdrop campaigns, was detected. How Do Scammers Operate? According to BleeingComputer’s report, scammers are placing ads for fake sites that appear at the top of the Google search engine. These fake sites gain users’ trust by copying the interface of real sites and then steal assets by accessing users’ crypto wallets. Multiple domain names imitating platforms like Whales Market have been identified. Google is taking steps to combat this type of fraud by trying not to host fraudulent applications and services on its platforms. For example, some individuals were sued due to applications on Google […]

Scammers Targeting Crypto Market

Fraudulent activities in the cryptocurrency market are increasing. Google’s advertising platform Google Ads redirects users to fake sites that put users’ crypto assets at risk. These sites are designed as clones of real crypto platforms and are set up to deceive users. Recently, a fake version of the OTC platform Whales Market, set up for airdrop campaigns, was detected.

How Do Scammers Operate?

According to BleeingComputer’s report, scammers are placing ads for fake sites that appear at the top of the Google search engine. These fake sites gain users’ trust by copying the interface of real sites and then steal assets by accessing users’ crypto wallets. Multiple domain names imitating platforms like Whales Market have been identified.

Google is taking steps to combat this type of fraud by trying not to host fraudulent applications and services on its platforms. For example, some individuals were sued due to applications on Google Play that offer fake crypto investments.

Widespread Scamming Activities and Results

In the past nine months, scammers have stolen $59 million worth of cryptocurrencies. One of the most commonly used methods is a wallet drainage service called MS Drainer. Additionally, large amounts of assets have been stolen with software such as Monkey Drainer and Inferno drainer. After stealing large amounts of money from users, the developers retired.

Helpful Information

Research the reliability of crypto sites directed through Google Ads.
Be cautious of fake platform ads, especially during airdrop or similar campaigns.
Check the security certificates of the sites you enter your crypto wallet information.
If you have suffered loss due to scamming incidents, report the situation to the relevant authorities.

Being vigilant against such fraudulent activities can help protect your crypto assets. Although the preventive measures taken by Google and other platforms against such activities are an important step in user protection, users also need to be conscious and careful.

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how to buy crypto?
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