👛 Crypto Scammers stole $500K from wallets with Google Ads

Tricked users with phishing sites

Hey Waivly Crew! 🌊 EA is starting to show interest in NFTs after its CEO called NFT and play-to-earn games the "the future of our industry." Check Point research has discovered crypto scammers have stolen over $500K worth of crypto using fake ads that imitate wallet brands.

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EA says NFT and blockchain games are the future

When asked about the possibility of NFTs during an earnings call this week, EA CEO Andrew Wilson said NFTs and play-to-earn games will be a big part of the game industry’s future.

"I think that in the context of the games we create and the live services that we offer, collectible digital content is going to play a meaningful part in our future," Wilson said. "So, it's still early to tell, but I think we're in a really good position, and we should expect us to kind of think more innovatively and creatively about that on a go-forward basis," Wilson said while giving his opinion on NFTs and the blockchain.

"As a company, we have been leaders in the creation of digital content that has real collectible value in the embedding of that content as part of live services," he continued. "What we know about collection over time is the collectibility is far more valuable to the collector where the collected item has utility. And I think that in the context of the games that we create and the live services that we offer, collectible digital content is going to play a meaningful part in our future."

EA has yet to officially step into the NFT or blockchain space, but EA job listing descriptions include the words “NFT” and “blockchain,” a massive hint that the firm has plans to explore NFTs and blockchain technology.


Zillow shifts out of the home selling business

The real estate marketplace Zillow has recently announced that they are shutting down its Zillow Offer Program, which is their home buying program that makes selling individual's house with little to no stress.

After just a day of reports surfacing that recent report that Zillow had to sell over 7,000 homes that they purchased with the intention of selling them to new home buyers. Zillow in a recent press release has stated that the Zillow Offer program served only a small portion of their customers and that they have "determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility.”

The company is trying to grow the program but found the scale of growth that they hoped for was "risky" and would provide little opportunity for the company's return of equity. The shutdown of the program will affect Zillow by the company will now be reducing their estimated values of homes that they have purchased during their third quarter (Q3) or their upcoming fourth quarter (Q4) purchases.

It will affect Zillow by shifting their focus towards their core business which is providing individuals who are looking to buy a house to browse houses that are on the market and be able to get a pricing estimate for them. Besides the estimated values of homes being affected as well as the shift in the company's focus, the shut down of the Offer program will cause about 25% or 2,000 employees to lose their jobs.


The Waves

👀 Revolut plans to launch its own crypto exchange

🚗 Cruise launches driverless robotaxi service in San Francisco

🚀 Blue Origin loses lawsuit over NASA's SpaceX lunar lander contract

🍿 Netflix adds three movies from Squid Game director


Crypto Special

Crypto scammers stole $500K from wallets using Google Ads

A recent report from Check Point Research (CPR) revealed a new way for scammers to steal cryptocurrency: using fake ads that imitate wallet brands.

To lure victims, CPR has discovered that scammers now place Google Ads at the top of Google Search that imitates popular wallets and platforms, such as MetaMask, Phantom App, and Pancake Swap. Once someone clicks on the ad which is attached to a malicious link, they get directed to a fake website that looks identical to the genuine wallet website. From here, it is easy for users to fall into the trap and give up their wallet passwords and other information.

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CPR’s researchers started to notice these scams after seeing a large amount of crypto users complain about being scammed on Reddit and other forums. In a matter of just days, it is estimated that over $500k worth of crypto was stolen.

To avoid being affected by scams like this, always examine URLs closely before you click on them, and even better, avoid Google Ads results altogether and instead only look at search results.

Coinbase tests commission-free subscription service

The largest cryptocurrency exchange, Coinbase, is testing a new subscription service, which gives users access to more features, such as zero-fee trading.

The subscription, dubbed Coinbase one, will be offered to a selected number of users for now. Benefits include zero-fee trading and prioritized phone support "even on holidays and weekends."

“Customers in the test group will have the ability to buy, sell, and convert digital currencies on the Coinbase platform without a Coinbase fee for each trade (spread fees still apply),” a spokesperson for the exchange said. “We’re always looking to learn more about how we can best serve our customers in different ways. Right now, we are still in early stages, so everything about the future product experience will be shaped by the feedback we receive from our users.”

Coinbase might be creating its own subscriptions to have a better chance competing with other crypto exchanges like Robinhood, which does not charge trading fees and since 2016 has offered its customers a subscription called Robinhood Gold.


Pushing The Wave With Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.


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