The Web3 Anti-Scam Platform SCAM Sniffer sounded alarm into a hyperswap crypto phishing scam, the latest in a trend of actors threatening using Google ads to infiltrate unqualified victims.
Scam Sniffer shares the warning to a Post on x .
The ad came to the top of the search results because the scammers sponsored the Google Ad to rank the search results, strengthened the visibility and legitimacy of the link. However, problems start for undoubtedly guests when they click the link.
When on the site, users are prompted to connect their crypto wallets. The users' moment grant permission, it runs malicious scripts in the background and drains the purses of users of tokens without the need for explicit transaction approval.
The exact number of affected users in this current attack is not yet public.
🚨 Alert: Fake "Hyperswap" Top Google search results today!
⚠️ These phishing ads are designed to drain your purse through malicious transaction signatures. pic.twitter.com/lmfkbhbrrx
– Scam Sniffer | Web3 Anti-Scam (@realscamsniffer) May 6, 2025
Hyperswap phishing link reflects the growing threat of purse drainers
Wallet drainers are not exactly new to crypto and web3. Some go even by promoting platforms through marketing campaigns on various channels such as Google Ads and Social Media to present themselves as legitimate businesses and reach more people.
On April 26 Solscan Google Ad Scam Similar to the recent hyperswap campaign.
A well -known successful event that ran for nearly nine months was the MS drainer scam, which drained purses of nearly 63,000 victims in a tone of approximately $ 59 million. Scammers have been reported running ads on Google and X. These ads are often misunderstood from legitimate results and remain active enough to cause massive damage before being reported and overthrown.
Scammers have created and placed fake versions of the website website of popular Web3 platforms such as Lido, Radiant, Zapper, and Defilami among others.
There are many more cases where evil actors have weapons of ad platforms, and SCAM Sniffer has reported many of those instances.
For example, in 2024, the SCAM SNIFFER reported A Fake pudgy penguins websitethat appears as an ad on a news platform. Malmous ads that target users have been curious about Pudgy Penguin has been reported to be served via Google Ad Network. It then loads it with a weakening code to check if the user has a web3 purse and then redirect the user to the fake Pudgy Penguin website.
The size of the damage motivates calls for strong response to the industry
According to a 2024 ReportDrain scams led to more than $ 494 million in losses in 2024 only, a tedious 67% increase from last year. The SCAM Sniffer has been reported to have identified more than 332,000 dried addresses, which is 3.7% higher than it recorded in 2023.
These incidents are renewing calls for tighter controls on digital ad platforms. Critics argue that companies such as Google and X should enhance their ad processes and respond faster to fraud reports.
Some platforms are already taking action, along with Google that implements tighter ad policies for crypto -related content. However, scammers often find workarounds by using linked links, spoofed domains, and burner accounts to keep the scam running for days before discovery.
Cryptopolitan Academy: Tired of market swings? Learn how the Defi can help you develop a steady passive income. Register now
