Soon after the AAVE decentralization protocol announced that it exceeded $ 60 billion of net deposits, fraudsters launched a hunting campaign targeting its users through Google ads, according to security researchers.
On Wednesday, AAVE said it has become the first central financing protocol (Defi) that accumulates $ 60 billion in net deposits across 14 networks. According to To TOKEN TERMINAL data, AAVE’s net deposits have multiplied more than three times last year from about $ 18 billion in August 2024.
A day later, on Thursday, Blockchain Peckshield, the encryption community, alerted a continuing attack to continue the continuation targeting AAVE (AAVE). The fraudsters have published links to the AAVE fake investment platforms through Google ADS.
Fraud operations are spread through advertisements
Once the reassuring encryption investor clicks on the links, the website will demand that the encryption portfolios be connected to its services.
Linking a portfolio address to the tricking site will allow the fraudsters to access and transfer all the money stored in the wallet. Such transactions are often irreversible and may lead to a permanent loss of money.
While the losses caused by the ongoing attack are not confirmed, reaching the attempt to hunt is high, as it is published through Google ads services.
Related to: AAVE proposal to launch central lending on Kraken ink movements to the next stage
Preventing money loss in chewing fraud
Deception of users is deceived by detecting sensitive information, such as private keys, seed phrases, or login approved data, by impersonating reliable or known services.
Investors are advised to verify URLs for the web site before the interaction, including depositing money and linking the portfolio. In the event of a compromise, investors must take specific steps to help reduce damage.
The encryption investors must immediately try to transfer money from the penetrated wallet to a safe one. They must also communicate with their service provider through official channels and cancel any approvals on the wallet through services such as Revoke.cash.
In addition, the exposed portfolios should never be reused to store or deposit money, as the fraudsters usually monitor the portfolios and try to exchange any remaining money. Users must also try to separate their wallets from clinic sites.
Cointelegraph called the comment and alerted them to continuous hunting attempts.
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The post Aave Users Targeted by Google Ads Phishing Scam After $60B Milestone first appeared on Investorempires.com.
