• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Bitcoin News / Latest Bitcoin Scam Targets Google AdSense Banner Owners
Google has Removed a Total of 49 Chrome Extensions for the Web Store

Latest Bitcoin Scam Targets Google AdSense Banner Owners

February 19, 2020 by Akash Anand

Bitcoin scams have been around since its inception and many law enforcement agencies have come in contact with them. Many Bitcoin cases involve hacking while ransomware attacks are one of the most common types of scams.

Ransomware attacks are those that target a certain device or server and then continue to attack until the ransom is paid. That’s exactly what happened on the internet recently with Bitcoin ransomware attacks on website owners who run banner ads using Google AdSense.

The latest scam involved fraudsters demanding Bitcoin in return for not flooding the website with excess bot traffic. The random traffic spike would alert AdSense, which would, in turn, block the website for manipulated traffic. This is ensured by the anti-fraud systems of Google.

The scammers flood the website with a huge amount of direct bot-generated web traffic with a 100 percent bounce ratio. Fraudsters also use thousands of IPs in rotation, making it very difficult for an AdSense publisher to do so.

While the website will get a traffic boost, the Google algorithm will flag and block the server Perpetrators of the scam have sent detailed instructions as to what would happen in due process of the increased traffic. One part of the message read:

“Next an ad serving limit will be placed on your publisher account and all the revenue will be refunded to advertisers. This means that the main source of profit for your site will be temporarily suspended. It will take some time, usually a month, for the AdSense to lift your ad ban, but if this happens we will have all the resources needed to flood your site again with bad quality web traffic which will lead to second AdSense ban that could be permanent!”

According to the reports, the attackers demanded that Bitcoin’s worth of $5000 be paid as ransom. Because of Bitcoin’s decentralized nature, these payments cannot be tracked back to the receiver. Some of the people who got the threat have thought of it as baseless while others were keeping a wary watch.

Google on their part stated that they have certain safeguards built into their systems to prevent such malicious actions. Alphabet’s major company provides several avenues for companies to come forth and ask about the different types of attacks. Google will also offer to scan user accounts if they were doubtful about its functions.

It has not yet been proven who the culprits are but many watchdogs were waiting for an opportunity to pounce. Bitcoin has been hurt in the past by such scams and reports have claimed that it was on the rise. Once companies take stronger safeguards about such attacks, institutional investors can jump right in.

Filed Under: Bitcoin News, Industry, News Tagged With: Bitcoin scam

Primary Sidebar

Recent Posts

  • TRON Founder’s Hong Kong Expansion Plan In Jeopardy? March 28, 2023
  • Binance’s New Blockchain Hub In Georgia: Web3 Education & Job Opportunities  March 28, 2023
  • Mike Novogratz Calls For Truce In Bitcoin Vs. Ethereum Rivalry: Making Love, Not War March 27, 2023
  • G7 To Stricter Crypto Regulations While U.S. Govt Faces Criticism For Missteps March 27, 2023
  • Shiba Inu (SHIB) And Theta Network (THETA) Seem Too Volatile To You? Meet Orbeon Protocol (ORBN)! March 27, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.