Google Facilitating Crypto Scams, Says DeFiLlama Researcher
Google is reportedly taking money from fraudsters and enabling crypto scams, according to DeFiLlama researcher “0xngmi.” Scammers are purchasing ads for legitimate crypto websites on Google, but when users click on them, they are redirected to a scam site. The researcher has reported the issue to Google multiple times, but the company has not taken any action. Another victim lost $900,000 by clicking on a malicious ad on Google, prompting calls for the search giant to be held accountable. Facebook and X (formerly Twitter) are also struggling to combat scams and spam bots.
Main Points:
- Scammers are buying ads for proper crypto websites on Google, but users are redirected to scam sites instead.
- DeFiLlama researcher reported the issue to Google, but no action has been taken.
- A victim lost $900,000 by clicking on a malicious ad on Google.
- Facebook is also facing problems with scammers publishing fraudulent pages and ads.
- X (formerly Twitter) is battling scams and spam bots on its platform.
Hot Take:
Google, Facebook, and other tech giants need to do more to protect users from crypto scams. They profit from user data and should take responsibility for the rising tide of fraudulent activities on their platforms.
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