Once a user clicked on the link, the Web design, as illustrated by more Check Point screenshots, was a perfect replica of the bona fide site. A screenshot captured by Check Point, for example, shows one of the links as Phanton.app, a single keystroke from the legitimate Phantom.app URL. If a user inadvertently clicked on the link, they entered an intricate simulation of the real Web sites, like a digital version of an "Ocean’s Eleven" caper. Both sites allow for the transfer of cryptocurrency from other platforms into their wallets.ĭuring November, Google searches for both MetaMask and Solana were answered, in part, by ads with links to phony lookalike Web sites, according to Check Point. ![]() So, some enthusiasts move their crypto holdings to more flexible apps, including MetaMask, which specializes in storing Ethereum-linked tokens and enabling purchases of NFTs and Phantom, which specializes in applications of the Solana cryptocurrency. There are certain things, such as buying non-fungible tokens, which are not possible on these platforms, however. Most crypto holders first buy and hold digital currencies in brokerage-style accounts on Web sites such as Coinbase or Robinhood. Many store them in online “ wallets,” provided by crypto exchanges and by specialist apps such as MetaMask and Phantom. Some people store these numbers as hard copies. Holders of cryptocurrencies must have access to the long string of numbers that identify their holdings on the decentralized ledger known as the blockchain. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Get Started How the Scam Works We are always adjusting our enforcement mechanisms to prevent these abuses." This appears to be a malicious actor looking for ways to evade our detection. A Google spokeswoman said: "This behavior directly violates our policies and we immediately suspended these accounts and removed the ads. Representatives from MetaMask, Phantom and didn’t respond to requests for comment. The scale of fraud is often difficult to calculate because not everyone affected reports such incidents. The Google ads phishing scam likely resulted in the theft of at least $500,000 worth of cryptocurrency in November, according to Check Point. The effectiveness of the scam and the challenges of proving fraud occurred reveal some of the downsides of anonymized digital savings accessible to anyone who has the right code. ![]() Fraudsters bid on keywords on Google ads, luring cryptocurrency enthusiasts to counterfeit versions of the Web sites, according to the Check Point investigation. In a new scam, criminals are manipulating online advertising to target cryptocurrency users searching for digital currency “wallet” apps MetaMask and Phantom, according to cyber security firm Check Point Research. ![]() Warning to crypto fans: Phishing schemes are not just for email any more.
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