Aave Users Targeted by Google Ads Phishing Scam After $60B Milestone

Soon after decentralized liquidity protocol Aave announced it had surpassed $60 billion in net deposits, scammers launched a phishing campaign targeting its users through Google Ads, according to security researchers.

On Wednesday, Aave said that it had become the first decentralized finance (DeFi) protocol to accumulate $60 billion in net deposits across 14 networks. According to Token Terminal data, Aave’s net deposits more than tripled in the past year from around $18 billion in August 2024.

A day later, on Aug. 7, blockchain investigation firm…