Could you spot a fake crypto website? Hackers used a Google ad to direct users to a fake Ethereum Denver website, stealing over $300K in Ethereum
Blockfence CEO Omri Lahav told Cointelegraph that users were prompted to connect their MetaMask wallets via the usual “connect wallet” button. The website prompts a transaction that, if approved, carries out the malicious function and steals the users’ funds.
Blockfence’s research team identified the incident while tracking different trends in the industry. Lahav said that the smart contract executing the scam had stolen over 177 ETH since its deployment midway through 2022: “Since the smart contract was deployed almost six months ago, it’s possible that it was used on other phishing websites.”
Hackers had gone as far as paying for a Google advertisement to promote the malicious website’s URL, banking on search trends being high, with ETHDenver taking place on Feb. 24 and 25. The fake website appeared second on a Google search, above the actual ETHDenver website.
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