Etherscan Phishing Ads Lead Links To Scam Websites Are Appearing

Key Points:

• SlowMist’s Chief Information Security Officer, 23pds, warns of Etherscan phishing ads posing a threat to users’ security.
• Ads for Multichain Yield Optimizer redirect users to phishing websites, compromising sensitive information and assets.
• This incident mirrors a previous occurrence in 2022, highlighting the persistent threat of phishing attacks targeting cryptocurrency users.

SlowMist’s Chief Information Security Officer, known as 23pds, has raised concerns regarding phishing advertisements detected on the Ethereum browser, Etherscan.

Etherscan Phishing Ads Are Targeting Users

These Etherscan phishing ads, identified under the name Multichain Yield Optimizer, are displayed as images and links within the ‘Other Info’ section of the token details page. They redirect users to various phishing websites, posing a significant risk to their security.

The warning was initially shared by user @mcbiblets on platform X, who provided screenshots of the deceptive advertisements. 23pds’s cautionary message emphasizes the importance of remaining vigilant while navigating and engaging with Etherscan phishing ads, as these phishing attempts could compromise users’ sensitive information and assets.

Etherscan phishing ads represent a prevalent tactic in crypto phishing scams, where hackers employ sophisticated techniques to acquire private keys, usernames, passwords, and other critical data associated with users’ cryptocurrency wallets.

Typically, these scams involve impersonating reputable entities such as banks, online transaction platforms, and credit card companies to deceive users into divulging confidential information.

Etherscan Hit Again by Phishing Ad Scam

This incident echoes a similar occurrence in 2022 when phishing advertising links surfaced on Etherscan and CoinGecko. These malicious ads exploited vulnerabilities to illicitly access users’ wallets, attempting to steal assets by requesting signature verification from their MetaMask wallets.

As such, users are urged to exercise caution and adopt robust security measures to safeguard against phishing attempts and protect their digital assets from unauthorized access and exploitation.