Binance CEO has a ‘Google search warning’ for you

Binance CEO Changpeng Zhao has shared a tweet showing how crypto phishing and scamming websites appear on Google search results. Zhao’s tweet mentions that in some cases, Google is showing results for phishing sites with “ad” tags when a site like CoinMarketCap is being looked up on the popular search engine. Moreover, Zhao has also added that a quick Google search on the topic shows fake sites above the actual website. The executive shared screenshots of search results on Twitter.

Over the past few years, Google Ads has placed stern policies on crypto marketing. Despite these policies, scammers have found loopholes to avoid Google’s restrictions. Moreover, in multiple cases, these fake websites have even been displayed above actual crypto and blockchain pages.

In April 2020, Binance acquired the popular crypto data aggregator CoinMarketCap. Zhao might be concerned that the site’s popularity is likely to direct a large part of traffic towards these scam ads and fake websites.