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Market News

A Victim Loses $900,000 In Google Crypto Ad Scam

The user was redirected to a malicious site CELER and the site asked the user to approve the connection of their wallet by signing a transaction.

Written By:
Dishita Malvania

Last updated: August 24, 2023 11:26 AM
Published August 24, 2023 11:26 AM
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Last updated: August 24, 2023 11:26 AM
Published August 24, 2023 11:26 AM
A Victim Loses $900,000 In Google Crypto Ad Scam

A victim lost money by clicking on a Google ad named “CELER”, which led to a phishing site, and got scammed of $900,000.

The user was redirected to a malicious site CELER and the site asked the user to approve the connection of their wallet by signing a transaction. 

The scam sniffer revealed that the target visited a website under the impression that it was an authentic CELER network site.

A website named scam finder mentioned, “If you don’t look carefully, open it” and then connect your digital wallet, it might trigger a harmful action that allows someone to take away your valuable assets without your consent. 

The supposed user approved a permit message using the EIP-712 standard.

A person, known as “@meUP_meQuit” on Twitter, shared a detailed account of what happened. It seems that after clicking on a link in a Google AdWords advertisement, their wallet was emptied of its contents within a few minutes.

The victim sharing its scam details said, “ I’m ashamed, because I normally never click on any Google AdWords link.”

The person thought he was using the real CELER website, but he ended up on a fake one that looked almost the same. 

After this happened, the cybercriminals changed the stolen money from USDC to ETH. Later, the scammer tried putting the money into the KuCoin exchange using lots of different addresses.

User noted, “The recent introduction of KYC by KuCoin was a good way to fight criminal activity, however more is needed from the industry and especially from exchanges.” 

Also Read: Google’s New AI Tool Poses Threat To Crypto Space

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.

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