Google has recently taken drastic action and declared war on scammers who have been using the hype around blockchain technology to spread malicious cryptocurrency malware. The company announced that it was banning all Google Ads referencing cryptocurrency in its latest effort to prevent users from being exploited by these scammers.
This malicious scam activity made use of the emerging interest in blockchain technology as cryptocurrency has been taking off lately. The scammers created ads that spoofed legitimate blockchain applications, luring unsuspecting people to click on them and download malicious software. It was this type of activity that Google is now taking a stand against.
Google Ads, which are seen all over the internet, are becoming a petri dish for these scammers looking to dupe unsuspecting users. Google was especially concerned about the malicious activity occurring on Google Ads and decided to take immediate action.
The company has stated that it will no longer approve any ads associated with anything related to blockchain-based activity. This includes tokens, ICOs, cryptocurrencies, or anything using blockchain technology.
Google also issued a warning to Google Ads users to be extra careful when engaging with any crypto-related ads, so as not to become victims of scammers. Google reiterated that it will be monitoring its network and taking immediate action should any malicious activity be detected.
Google’s move is important considering the high number of blockchain users who could have been affected by malicious software. It serves as a reminder that when investing in or dealing with any kind of cryptocurrency, people must be extra careful.
Google’s crackdown on malicious cryptocurrency-related activity is a clear reminder that it is taking blockchain security seriously. Despite the clear setback that the ban might have on legitimate companies and companies using blockchain and smart contracts in their operations, it is essential for Google to protect its users. This ban is a necessary step in protecting users from falling victim to the malicious acts of scammers who are taking advantage of the hype around blockchain technology.