While Google’s subsidiary, YouTube, is facing a lawsuit for promoting cryptocurrency scams, Google’s advertising platform continues to display fraudulent crypto ads through its advertising network.

According to a report by Bitcoin (BTC) crypto exchange, CoinCorner, Google Ads was running an ad for CoinCorner’s phishing clone website, [CoinCornerr.com](http://CoinCornerr.com) . The issue was reported by CoinCorner’s marketing manager, Molly Spiers, on April 30.

Spiers told Cointelegraph that CoinCorner’s team first noticed the fraudulent ad on Thursday morning after searching for “CoinCorner” on [Google.com](http://Google.com) and [Google.co.uk](http://Google.co.uk) . According to the executive, the phishing ad was promoted by Google.

According to Google’s advertising policies, the platform does allow some crypto ads. Specifically, Google Ads service accepts ads for crypto hardware products and crypto exchanges.

However, crypto exchanges are subject to specific requirements and purportedly only allowed to be promoted in the United States and Japan to date. Cointelegraph tried to reach out to Google for comment and will update if we hear back.

According to Spiers, the fraudulent website successfully bypassed Google Ads’ restrictions by not mentioning Bitcoin or cryptocurrency in their advert at all.

The executive elaborated that any adverts that contain crypto-related keywords, like Bitcoin or crypto, are automatically disapproved.

This behavior is unprecedented for Federal agents, who seldom make arrests and have in the past proceeded only with a court warrant. In other words, they are behaving like the Egyptian secret police.

Google Ads was promoting a fake Ledger Wallet extension designed to steal crypto from users.

In March 2020, Google Ads was promoting a fake Ledger Wallet extension designed to steal crypto from users. To Google’s credit, we reported in mid-April that the company removed 49 Google Chrome web browser extensions after receiving reports of phishing activity.

Google Ads promotes a crypto scam but doesn’t want to promote a real firm

Over the years, it has become a known fact for anyone dealing with cryptocurrencies that scams are running rampant. However, as more novice players enter the market, more scammers up their tactics to take advantage of unsuspecting Bitcoin enthusiasts with fake Bitcoin giveaways and other elaborate schemes.

CoinCorner reports that Google Ads is running a phishing ad despite the firm being unable to use its service"

"CoinCorner reports that Google Ads is running a phishing ad despite the firm being unable to use its service"

Digital Asset News calls this out in every video in his "scam of the day" segment.

They have previously had full access to the GoogleAds platform - we were loyal customers for 4 years, from when we launched CoinCorner in June 2014 to when Google updated their Financial Services policy in June 2018.

They have contacted Google a number of times to ask for updates on the UK, but to date, GoogleAds is still not available to them.

Right

I'm glad they are being sued over these scams being played during adds.

Google Ads is running a phishing ad despite the firm being unable to use its service.

Google Ads is running a phishing ad despite.

CoinCorner has struggled to place ads on Google Ads for years.