Cryptocurrency holders lost $58 million due to phishing airdrops

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Since March 2023, the creators of one of the malicious scripts have emptied the cryptocurrency wallets of over 63,000 victims worth more than $58 million, according to on-chain detective ScamSniffer.

1/ Alert: A 'Wallet Drainer' has been linked to phishing campaigns on Google search and X ads, draining approximately $58M from over 63K victims in 9 months. pic.twitter.com/ye3ob2uTtz
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 21, 2023


According to him, the attackers lured users to phishing pages, which they promoted in Google search and advertising in X. In total, they created 10,072 fake sites. Peak activity occurred in May, June and November.

Among the promoted campaigns were announcements of the Ordinals Bubbles NFT giveaway and airdrops supposedly from various famous projects.

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The main losses were suffered by Ethereum and Arbitrum holders. The damage to one of the victims amounted to $24 million.

ScamSniffer found that 60% of phishing ads in X used this malicious script to steal digital assets. Its creators also sold the source code of the tool to third-party cybercriminals.
 
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