© Reuters. Binance CEO Warns Crypto Enthusiasts About Phishing Scams on Google
Changpeng “CZ” Zhao, the CEO of one of the most popular crypto exchanges in the world, took to Twitter to issue a warning for crypto enthusiasts to remain alert about the various phishing websites that can often come up in Google (NASDAQ:) Searches. For instance, when searching “CoinMarketCap”, the query may turn up some phishing sites along with the authentic ones.
Google displays phishing sites when users search CMC. This affects users adding smart contract addresses to MetaMask using these phishing sites. We are trying to contact Google for this, and in the meantime alerting users about this through social channels. pic.twitter.com/3q4860Jl4H
— CZ Binance (@cz_binance) October 27, 2022
Research Reveals 15 New Scams Per Hour
Fintech risk monitoring company Solidus Labs recently conducted research into the crypto scams carried out so far in 2022. Solidus Labs further launched a crypto assessment tool that aims to track real-time information about new crypto projects that show signs of potentially being a scam. The on-chain Threat Intelligence Tool (TIT) was introduced on October 27th, 2022.
According to the study, an approximate 20% more crypto scams have taken place in 2022 than in the entirety of 2021, and Solidus Labs’ data indicates that rug pulls make up the majority of fraudulent activity in the space. The crypto security company went on to disclose which blockchains…
