Binance CEO Changpeng Zhao claimed that Google is promoting crypto phishing websites.
(Photo : Photo credit should read TORSTEN SILZ/DDP/AFP via Getty Images)
A woman works on her computer as on the wall behind is seen the logo of web search engine Google at Frankfurt's international book fair, on 23 October 2005, the fair's last day.
Zhao (also known as CZ) said that when CoinMarketCap is searched on Google, malicious websites with ad tags appear in the front.
If this is true, then Google must fix this issue since cryptocurrency phishing websites may fool many people.
"Google displays phishing sites when users search CMC. This affects users adding smart contract addresses to MetaMask using these phishing sites," said CZ via his official Twitter post.
Google displays phishing sites when users search CMC. This affects users adding smart contract addresses to MetaMask using these phishing sites. We are trying to contact Google for this, and in the meantime alerting users about this through social channels. pic.twitter.com/3q4860Jl4H
— CZ 🔶 BNB (@cz_binance) October 27, 2022
Binance CEO Claims Google Promotes Crypto Phishing Websites
According to Coin Telegraph's latest report, CZ shared what he discovered on Thursday, Oct. 27.
(Photo : Photo by ERIC PIERMONT/AFP via Getty Images)
Blockchain and cryptocurrency Binance founder and CEO Chinese-born Canadian Changpeng Zhao, also known as CZ, poses during an interview at the technology startups and innovation fair in Paris on May 16, 2022. (Photo by Eric PIERMONT / AFP)
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What he discovered regarding the search results for CoinMarketCap is quite alarming.
If you need to become more familiar with this website, CoinMarketCap is the world's most-referenced price-tracking web page for crypto assets.
In April 2020, Binance was able to acquire this website.
Since CoinMarketCap is now more popular than before, the crypto exchange company is worried that its search results would direct users to scams and other fake ad websites.
Is This a Bug?
As of press time, Google has yet to confirm if the issue with CoinMarketCap results is actually a bug.
But Zhao said that they are making efforts to contact the search engine giant so that this problem would be solved as soon as possible.
The CEO added that they are already informing consumers through social channels. If ever you search for the CoinMarketCap website, double-check the links before you click them.
CZ said that one of the websites misspelled the crypto data aggregator's name. Instead of "coinmarketcap," the phishing site uses the word "coinomarketcaap."
So, if ever the spellings on the website you are accessing are incorrect or looks suspicious, the best thing you can do is disregard them.
You can click here to see further details about the latest Google CoinMarketCap search issue.
In other news, South Korean authorities want to cancel the Terra Crypto founder's passport.
Meanwhile, Binance co-founder Cahnpeng Zhao said that they want to add more to the company's workforce.
For more news updates about Binance and other crypto companies, always keep your tabs open here at TechTimes.
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Written by: Griffin Davis
