Fake Crypto Websites on Google Ads Drain $3 Million in Christmas Phishing Scam

A new report reveals that scammers stole over $3 million in cryptocurrency from victims this holiday season using fake crypto websites promoted through Google Ads.

The scammers created fraudulent versions of popular crypto platforms like #ZAPPER, #Lido, and #DefiLlama and used Google’s advertising system to direct victims to their fake sites.

This scheme, known as a wallet draining scam, takes advantage of the token approval process on blockchains like $ETH Ethereum. The scammers used a service called #MSDrainer to automate and enforce the unauthorized withdrawals.

Always #DYOR🟢 very very important