Crypto Scammers Exploit Google Ads with Deceptive Tactics

Scammers continue to exploit Google Ads for fraudulent schemes targeting cryptocurrency users, with no signs of slowing down. A recent scam was identified targeting users of the DeFi platform Trader Joe. The Trader Joe team issued a warning to the crypto community about Google advertisements falsely claiming an association with their decentralized exchange (DEX).

The promoted website in Google search results had no affiliation with the Trader Joe crypto project. Additionally, Trader Joe does not advertise on Google, confirming the malicious intent of the scammers who direct users to a phishing site.

Trader Joe urged users to exercise caution and access the platform only through the official link on their social media account on X.

It’s worth noting that scammers adeptly disguise the URL in the fake Google ads to resemble the actual phishing site address.

Similar tactics were employed a few weeks ago when scammers targeted users of the KeePass password manager. Clicking on the fake KeePass Google advertisement redirected users to a phishing site, resulting in the download of a Trojan horse malware.

This echoes a pattern seen earlier in the year when a similar scheme was executed to attack users of the Imtoken wallet.

Note: The article provides a concise overview of the reported events without speculation or additional analysis.