Scammers have misappropriated at least $400,000 from users by distributing phishing sites mimicking the Uniswap crypto protocol through fake advertisements on Google Search. On-chain analyst "b-block" reported on the X social network that a fraudulent site opened in the name of the decentralized finance (DeFi) exchange Uniswap has been draining numerous wallets. This was reported by Cointelegraph.com reports.
Stacy Muur, founder of the Green Dots marketing agency, confirmed that this scam scheme was carried out through sponsored advertisements in Google search results. According to her, Google's long-standing neglect of this issue has resulted in fake links appearing above legitimate sites, causing users to lose their funds. According to Etherscan data, two addresses belonging to the scammers currently hold 146 ETH (approximately $306,000).
DeFiLlama analysts emphasize that fake advertisements in the Google system are the most common source of phishing attacks. The non-profit organization Security Alliance (SEAL) reported a sharp increase in phishing activity on Google Search in April. Attackers are pushing their malicious links to the top of search results in the name of popular crypto protocols by hacking legitimate ad accounts or paying the Google system.
According to SEAL, scammers use URLs that look trustworthy to pass Google's checks, but load malicious software via hidden iframe technology. Victims encounter clones of real applications, and all network traffic is routed through servers controlled by the attackers. In the second half of March alone, $1.27 million was stolen using this method.
Additionally, reports surfaced in early May that scammers had launched an active "malvertising" campaign against Mac users via Google Ads and the Claude AI chatbot. Experts are urging crypto wallet owners to carefully verify the correctness of addresses before clicking on any links.
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