$3M of crypto stolen on Christmas Day — MS Drainer scammers fleece victims

Scammers continue to target unsuspecting cryptocurrency users with phishing sites using wallet drainers.

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Scammers have stolen $3 million worth of cryptocurrencies in 24 hours as they continue to use Google Ads to advertise malicious fake websites that use wallet draining software.

As reported by Cointelegraph on Dec. 21, scammers used MS Drainer to steal $59 million worth of cryptocurrency in 2023. According to Scam Sniffer, the attackers used Google Ads to trick crypto users into accessing fake versions of Web3 websites, including Zapper, Lido, Stargate, DefiLlama, Orbiter Finance and Radient.

The security firm flagged fresh incidents from phishing sites associated with the same attackers’ addresses in their scam database on Dec. 25.

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