Changpeng Zhao, the CEO of Binance, has recently sent out a tweet to warn people that Search suggests phishing websites when people search for CoinMarketCap.
According to Zhao, this issue particularly affects users who are trying to add smart contract addresses to their MetaMask wallets.
According to Zhao, this issue particularly affects users who are trying to add smart contract addresses to their MetaMask wallets.
Zhao claims that Binance’s security staff have identified the vulnerability and are making contact with Google to find a solution. As of this writing, Google hasn’t responded back or made any adjustments.
Phishing attacks are on the rise
The development comes at a time when there has been a rise in phishing attacks in the industry. According to popular on-chain investigator ZachXBT, a phishing scammer known as Monkey Drainer stole over 700 ether (ETH) worth roughly $1 million in crypto and non-fungible tokens on October 25th.
According to ZachXBT, the prolific con artist’s two largest victims, 0x02a and 0x626, lost a combined $370,000 after signing transactions on phishing sites. More precisely, it has been stated that 0x02a lost a collection of 1 Bored Ape Yacht Club (BAYC) token, 1 CloneX, 36,000 USDC, and 12 additional NFTs, altogether valued at roughly $150,000.
In February, when OpenSea lost almost $2 million worth of NFTs to a phishing attack, phishing attacks received a lot of media attention. Millions more have been lost to phishing scams by other projects since then.
In May, a hacker stole $1.5 million worth of NFTs from Moonbirds via a phishing attack. Another phishing attempt on the V3 LPs of the decentralized exchange Uniswap resulted in a loss of more than $4.7 million in July.
