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New Chrome Scam Is Draining Crypto Wallets – What You Need to Know Now
If you’re involved in crypto whether trading, investing, or just HODLing this is an urgent warning you can’t afford to ignore.
Cybercriminals are using a new and highly deceptive scam to hijack digital assets from unsuspecting users. The twist? They're exploiting Google Chrome’s URL suggestion system and a little-known tactic called Punycode phishing, where fake website addresses look exactly like the real ones.
And yes, this has already cost real people tens of thousands of dollars.
What Is a Punycode Crypto Scam?
Punycode allows URLs to include characters from non-Latin alphabets. That means scammers can create domains that look identical to legitimate ones, but behind the scenes, they're completely fake. For example, a Cyrillic “ะพ” can replace a Latin “o” invisible to the human eye, but fatal to your wallet.
When users enter these fake websites often auto-suggested by Chrome they unknowingly give away private keys, wallet access, or credentials to malicious actors.
Real Case: $20,000 Vanished in Minutes
One crypto user searching for the popular exchange ChangeNOW followed a suggested link in Google Chrome only to land on a Punycode-crafted fake site.
Believing the interface was legit, he entered his wallet information and watched more than $20,000 in digital assets vanish. According to security experts at SlowMist, the issue lies in how Chrome auto-suggests and prioritizes potentially harmful URLs without adequate warning.
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Why This Scam Is So Dangerous (And Still Under the Radar)
Major U.S. regulators like the FTC, DFPI, and NASAA have warned about rising crypto scams involving fake exchanges and identity theft. However, none have directly addressed Punycode phishing — yet.
That means users are largely on their own to detect and avoid these attacks. And with how advanced these fake websites look, even seasoned investors are at risk.
What You Should Do Right Now to Protect Your Crypto
If you use Google Chrome (or any browser, really), take these immediate steps:
๐ Manually type URLs instead of relying on auto-suggestions
๐ก️ Use secure browsers like Brave or Firefox with phishing detection extensions
๐ Double-check for suspicious characters in web addresses (copy-paste them into a plain text editor if needed)
๐ซ Never click crypto-related links from emails, ads, or unknown DMs
๐ Install browser plugins that detect Punycode domains and alert you in real time
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Don’t Wait for Regulators Act Before It’s Too Late
While regulators are starting to track crypto fraud more closely, you can’t afford to wait. Right now, it's up to individuals to stay informed and stay protected.
Tools like the Crypto Scam Tracker by the California DFPI and updates from trusted cybersecurity analysts are essential. Sharing this information within crypto communities can also help reduce the number of victims.
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Final Thoughts: One Click Can Cost You Everything
This new breed of crypto scam is stealthy, intelligent, and devastating. But it’s also completely avoidable if you know what to look for and take action immediately.
Don’t become another statistic.
✅ Stay alert
✅ Stay informed
✅ Share this warning with fellow crypto users
Your wallet’s safety depends on what you do next.
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