Phishing Scam Strikes Aave Just After Surpassing $60 Billion in Deposits!

Jakarta, Pintu News – Decentralized liquidity protocol Aave suffered an attack on its platform, shortly after announcing that its total net deposits had surpassed 60 billion US dollars.

The perpetrators successfully carried out their actions by utilizing Google ads to scam unwary crypto users.

Aave scammers scam users through Google ads

Security researchers have traced the case and found that the perpetrators launched a phishing attack against Aave users through the Google Ads service.

Read also: World Liberty Financial Launches USD1 Stablecoin Rewards Program for Users!

Blockchain investigation firm Peckshield was one of the parties to alert the crypto community about the ongoing phishing attack.

It is known that scammers spread phishing links to the fake Aave investment platform through Google ad services.

Investors who believe the platform is the real Aave Protocol will click on the link and be directed to connect their crypto wallets to the fake service.

Once the connection was established, the perpetrator immediately took action by draining the assets in the victim’s wallet.

In the past, transactions like this were usually irreversible and almost always ended in permanent losses.

However, to date there have been no reports of losses directly attributed to this incident. Even so, the reach of the attack is thought to be quite extensive, given that it was spread through Google ads.

Scammers Utilize Google Ads to Steal Assets

Utilizing Google Ads is not a new tactic for scammers. Previously, they have successfully scammed crypto investors and robbed them of their profits through this means.

Last September, scammers used Google Ads to pose as Revoke Cash, a crypto recovery service that aims to help traders recover lost assets.

In such cases, when people search for crypto recovery solutions and come across ads on behalf of Revoke Cash, they are directed to fake websites. At first, the ads look convincing as they use official-looking domain addresses.

Unfortunately, the ads are designed to trick users into providing personal information or making fund transfers.

Crypto users need to be more cautious when interacting with crypto-related platforms, and always ensure links are verified before clicking to avoid losing funds.

Read also: How to Use Solscan to Find Potential Altcoins

Aave Celebrates Over $60 Billion in Net Deposits

Meanwhile, the Aave Protocol has just announced that it has raised a net deposit of 60 billion US dollars across 14 different networks.

Based on data from Token Terminal, Aave’s net worth has more than tripled in the past year – from around US$18 billion in August 2024 to US$58.4 billion today.

This is an important milestone for Aave, especially amidst market conditions that have shown mixed signals in recent weeks.

Towards the end of June, two whales were found to have sold over $5.5 million worth of AAVE assets, which triggered a price drop. The crypto’s value had fallen sharply to US$232.6 at the time.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Scam Alert: Aave Protocol Faces Phishing Attack Post Deposit Milestone. Accessed on August 8, 2025
• Cointelegraph. Aave Investors Targeted in Phishing Attack via Google Ads. Accessed on August 8, 2025
• Crypto Economy. Phishing Alert: Aave Users Targeted After Record Net Deposits. Accessed on August 8, 2025