- Crypto scammers have doubled down on phishing ads.
- The ads are now displayed on a popular blockchain explorer.
- Keen observers warned users to be wary of the ads.
Keen observers in the crypto community have flagged a massive phishing advertisement campaign targeting users on the Ethereum browser Etherscan .
Etherscan is a free block explorer and analytics platform that allows users to track wallet addresses and access information on Ethereum-based tokens. In January, the platform acquired Solana’s Solscan.io to foster “credibly neutral and equitable” access to blockchain data.
Crypto Phishing Ads Run Rampant on Etherscan
On April 8, X (Twitter) user McBiblets alerted the crypto community to some “unreal” ads on Etherscan, noting that they are wallet drainers. One of the ads identified by the user was for Multichain Yield Optimizer, which is suspected to be linked to around 23 phishing websites.
Latching onto the lead, SlowMist’s Chief Information Security Officer fired a warning on X, reminding users to be wary of phishing ads that had seemingly penetrated Etherscan. Web3 anti-scam platform Scam Sniffer echoed the same message, noting that the phishing ads ran beyond Etherscan.
Sponsored
While Etherscan has yet to respond to the alerts, such phishing ads on the platform pose a substantial threat to unsuspecting users, jeopardizing the security of their personal information and digital assets.
In 2023, 324,000 crypto investors fell victim to phishing scams and lost a staggering $295 million. Among the popular wallet drainers employed by phishing scammers include the infamous Angel Drainer, Pink Drainer, Inferno Drainer, and Venom Drainer.
Sponsored
Stay updated on how Google is tackling crypto scammers:
Google Targets Cryptocurrency Scammers with RICO Lawsuit
Read how OneCoin lawyer was sentenced to prison for involvement in a crypto Ponzi scheme:
OneCoin Lawyer Lands 4-Year Jail Term for Ponzi Scheme Role
