On August 7, PeckShield flagged a fresh wave of fake Aave ads on Google, mimicking the official site and warning of phishing risks amid rising crypto losses in 2025.
PeckShield reported on August 7 that fraudulent Aave ads appearing atop Google search results redirect users to a phishing site designed to drain crypto wallets via malicious transaction approvals. Previous warnings from Scam Sniffer and additional incidents, including a fake YouTube XRP airdrop campaign, underscore the sophistication of these scams. A Web3 security report by Hacken highlighted record phishing losses of $600 million in 2025, with significant financial impacts on individual investors and platforms like Coinbase.