Categories: CryptoNews

Beware of MyEtherWallet Phishing Site Ads In Google Results

Phishing sites are nothing new in the Bitcoin world. Over the past few years, numerous fictitious Blockchain.info, Bitstamp, and Shapeshift websites have popped up. But it looks like internet criminals are shifting their attention to Ethereum right now, by creating malicious ads in Google for the MyEtherWallet service.

Do Not Click The Malicious MyEtherWallet Link in Google

It was only a matter of time until Internet criminals would attempt to trick Ethereum users into visiting malicious websites. Any form of financial service or product that gains traction becomes subject to attention from internet criminals and hackers at some point. Keeping in mind how cryptocurrency is both lucrative and non-refundable, it is a prime target for malicious attacks.

For Ethereum users, the MyEtherWallet service is being targeted by internet criminals right now. When entering this search term in the Google search engine, users will be presented with two results. The first one, which is a sponsored advertisement, is not the real wallet service. Users who click this link and use it to store funds will lose their ETH balance.

Reporting this malicious website to Google is the only thing users can do right now. It is not the first time the world’s biggest search engine has to deal with these types of advertisement issues. The Bitcoin ecosystem has seen several fake wallet and exchange links being advertised on Google, each of which had to be taken down manually by the company.



Related Post

It is not overly difficult to distinguish the real MyEtherWallet from the fake version, though. First of all, the legitimate site uses SSL encryption through the HTTPS protocol, whereas all other fake domains do not. Moreover, the fake websites all lead to different addresses, such as MyEtherWalet, or MyEthersWallet. Subtle difference, but rather easy to spot by anyone who is paying attention to what they are doing.

This debacle is causing an interesting discussion in the Ethereum community right now. Many users feel the time has come for MyEtherWallet to turn into a standalone application instead of a web service. The developer has confirmed an Android release will come first in November or December of this year. The iOS version will follow at a future date.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

FTX/Alameda Continues Monthly $SOL Redemption and Distribution, Moving Millions to Major Exchanges

FTX and Alameda Research, two of the most significant players in the cryptocurrency ecosystem, have…

2 days ago

Giant Whale Accumulates $WIF Tokens, Racking Up Profits as Market Moves Favorably

A significant player in the cryptocurrency market has stirred things up by gathering a large…

2 days ago

$LAYER Continues to Thrive Despite Market Volatility, Team’s Innovation Drives Growth

In a cryptocurrency market often marked by wild swings and uncertainty, $LAYER stands as a…

2 days ago

Ethereum Sees Surge in Activity Amidst Growing Resistance and ETF Outflows

One of the top cryptocurrencies in the market, Ethereum ($ETH), has seen a huge rise…

2 days ago

Bitcoin’s Market Dominance Faces Challenges as On-Chain Activity Shifts Towards Ethereum

Bitcoin (BTC) has long held a dominant position in the cryptocurrency market for years. However,…

2 days ago

Smart Money Wallets Show Growing Interest in AI, DeFi, and Meme Tokens: A Look at Recent Accumulations

In the cryptocurrency world that is changing rapidly, the term "smart money" is often linked…

2 days ago