Scammers use ‘wallet drainer’ on Google, X ads to steal $60 million in crypto: What is it

Over the past year, cybercriminals have been using phishing scams to steal millions of dollars worth of crypto assets through malicious ads on popular platforms like Google and X. Researchers at a cybersecurity firm ScamSniffer have discovered that scammers are using ‘wallet drainers’ to steal crypto assets. One of these drainers, in particular, has been used extensively in phishing ads.

In a blog post, the company says that this drainer was first discovered in Google search ad phishing. Later, they were found in a set of X phishing ads shared by ZachXBT. In a recent sampling test of ads in X’s feeds, the company found that nearly 60% of the phishing ads were using this particular drainer.