‘MS Drainer’ scammers used Google Ads to swipe $59M in crypto: Report

The attackers used a variety of techniques to get around Google AdSense audits, including regional targeting and page-switching.

Scammers used a wallet draining service called “MS Drainer” to siphon approximately $59 million in crypto from victims over the past nine months, according to a Dec. 21 report on X (formerly Twitter) from blockchain security platform Scam Sniffer. The scammers used Google Ads to target victims with fake versions of popular crypto sites, including Zapper, Lido, Stargate, DefiLlama, Orbiter Finance and Radient, the report states.

Wallet drainers are blockchain protocols that allow scammers to transfer crypto from a victim to the attacker without their consent, usually by exploiting the token approval process. Developers usually charge a percentage of the profit in exchange for using their drainer software, and this fee is enforced through smart contracts, making it impossible to avoid.

Related: Pink, Pussy, Venom, Inferno — Drainers coming for a crypto wallet near you

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