Scammers and hackers do not stop trying to target users of cryptocurrencies.

According to the source, one of the giant news media displayed a number of Bitcoin ads deceptively and false, and these ads also posed as many famous personalities.

The report stated that "The Guardian Australia" failed to prevent fraudulent ads from appearing on its website, and one of the victims, the millionaire "Dick Smith", threatened to sue the newspaper.

Earlier this week, The Guardian Australia published the findings of its own investigation, which stated that fake celebrity advertisements had been shown on several news sites for at least two years.

However, as people stayed home during the coronavirus pandemic, the threat increased even more.

The newspaper's investigation confirmed that these plots are part of a highly-regulated global company that uses five addresses in central Moscow.

Professor David Lacey, via the charity organization that provides support to people who have been exposed to online fraud, IDCare, warned of the increasing number of such scams.

Lacey also highlighted the dangers of these schemes, as some victims lost their life savings.

It was mentioned in the aforementioned source that an 80-year-old retiree lost more than $ 80,000 in six weeks because he was confident that “Dick Smith” was actually behind a fraudulent project he saw in an advertisement in "The Guardian Australia".

Fraudulent ads and difficult to stop:

According to the report, Google removed 5,000 fraudulent ads last year, or a total of 2.62 billion.

A Google spokesperson confirmed:

The scammers are constantly improving their efforts as we develop our policies to address this.

Fraudsters buy millions of ads on the Google ad marketplace, using the names of local celebrities depending on which country they want to target.

Fraudsters have been able to bypass Google's detection by making frequent minor textual changes in ads.

Although "The Guardian Australia" was able to block many false advertisements and was able to prevent some fraudulent content from being displayed on its website, some of them managed to pass through to target victims.

The investigation found that the fraudulent organization based in Moscow had two email addresses associated with Gmail.

After the report, a Google spokesperson said that the company's security team will conduct a special investigation to uncover the circumstances of the case.