Aave Protocol Experiences Phishing Attack Following $60 Billion Deposit Achievement
Decentralized liquidity protocol Aave has experienced a phishing attack shortly after announcing over $60 billion in net deposits.
Phishing Attack Details
- Scammers exploited Google Ads to mislead users into accessing fake Aave investment platforms.
- The phishing site identified is aaxe[.]co[.]com.
- Users prompted to connect wallets risk losing funds through malicious transaction signatures.
- No reported losses linked to the breach yet, but the attack's reach could be significant.
Recurring Exploitation of Google Ads
- Scammers have previously used Google Ads to impersonate legitimate crypto services, such as Revoke Cash.
- Such ads often direct users to fraudulent websites designed to gather personal information or financial transfers.
- Users are advised to verify links before clicking to prevent potential losses.
Aave's Growth Milestone
- Aave has surpassed $60 billion in net deposits across 14 networks, achieving over a 3x increase from approximately $18 billion in August 2024.
- Recent whale activity caused price fluctuations, with AAVE dropping to $232.6 before recovering to $271.31, reflecting a 5.98% increase in the last 24 hours.