Crypto scammers use ‘wallet drainer’ ploy on Google and X ads, rake in $59 mn in phishing scams: Report
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In a troubling trend spanning the past year, cybercriminals have orchestrated a series of phishing scams to pilfer millions of dollars in cryptocurrency assets via deceptive ads on major platforms, including Google and X. Uncovered by cybersecurity experts at ScamSniffer, these scammers are employing a sinister tool known as 'wallet drainers' to carry out their nefarious schemes in phishing scams.
Disclosed in a recent blog post, ScamSniffer reveals that the initial detection of this wallet drainer occurred within Google search ad phishing, later making its way into a set of X phishing ads shared by ZachXBT. A recent examination of ads in X's feeds showed that nearly 60 percent of phishing ads utilised this specific drainer.
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