A crypto user claims he lost his life savings after a sponsored Google result impersonating Trezor directed him to a phishing website.

Trezor user reports losing his life savings

A crypto user identified as David, who posts on X under the account @ReallyBadDay99, claimed on Aug. 7 that he lost his life savings after searching Google for “Trezor wallet.”

“Hey @Trezor, just lost my life savings. Top sponsored Google result for ‘Trezor wallet’ is a phishing site!” David wrote.

The sponsored result allegedly directed him to a page hosted on Google Sites that impersonated the hardware-wallet provider. David said the phishing operation was collecting funds through an address he shared with on-chain investigators ZachXBT and CertiK.

He also claimed the address was “vacuuming up millions.” However, the value of David’s loss, the total amount allegedly stolen from other users, and the address’s connection to the phishing website had not been independently verified at the time of publication.

A wallet recovery phrase gives its holder control over the associated cryptocurrency. If a victim enters the phrase on a fraudulent website, an attacker can restore the wallet on another device and transfer its assets without access to the original hardware wallet.

Blockchain transactions are generally irreversible, leaving victims with few options after funds have been transferred.

Trezor warns of sponsored phishing results

Trezor issued a broader warning hours after David published his claim, saying it was seeing an increase in phishing websites impersonating the company.

The hardware-wallet provider said some of the fraudulent websites were appearing in sponsored search results and could look highly convincing. It warned that entering a wallet backup on one of those pages could result in stolen funds.

“Never enter your wallet backup on a website or share it with anyone,” Trezor said in its Aug. 7 X post.

Trezor also told customers not to assume that a sponsored search result is legitimate. Users should verify that they are visiting the company’s official website before downloading Trezor Suite or entering information connected to their wallets.

The company’s post did not confirm David’s loss, identify the operators of the reported phishing page or estimate how much the campaign may have stolen. Trezor also did not say whether the specific Google Sites page identified in David’s post had been removed.

Google ads remain a recurring crypto attack vector

Sponsored search results have become a repeated delivery method for crypto phishing campaigns. Attackers purchase advertisements tied to wallet, exchange, and decentralized finance search terms, allowing fraudulent pages to appear above legitimate websites.

As previously reported by crypto.news, fake Uniswap advertisements promoted through Google search reportedly helped scammers steal at least $400,000 from several users in May.

Security Alliance data cited in that report connected malicious Google advertisements to approximately $1.27 million in losses between March 13 and March 30. The organization said it had blocked more than 356 malicious advertising links over the previous year.

The reported Trezor page being hosted on Google Sites also reflects a tactic in which attackers use trusted online services to make fraudulent pages appear safer. Google acknowledged in a June fraud advisory that scammers were abusing reputable cloud platforms to host phishing content and bypass security filters.

The continued use of Google’s advertising and hosting infrastructure makes the threat relevant to U.S. cryptocurrency holders who depend on search results to access wallet services. No U.S. regulator or law-enforcement agency had publicly announced an investigation into David’s reported loss at the time of publication.

Trezor users have faced similar phishing attempts

Crypto.news reported in February that scammers mailed fake Trezor and Ledger letters containing QR codes linked to phishing websites.

Those pages requested 12-, 20- or 24-word recovery phrases under the pretext of verifying wallet ownership. Although the delivery method differed, the campaign also relied on impersonating a trusted hardware-wallet provider and persuading users to disclose their backups.

Trezor advises customers to bookmark its official website and obtain Trezor Suite only through verified company channels. Anyone who entered a recovery phrase on a suspicious page should treat the wallet as compromised and move any remaining assets to a new wallet created with a fresh backup.

SHRMiner highlights growing interest in cloud mining as digital asset markets evolve, offering users access to mining services without specialized hardware.

Trump publicly criticized Bitcoin in 2021 but rapidly shifted his stance during the campaign, proposing to make the United States the “global cryptocurrency capital.”

After returning to the White House, he signed an executive order supporting the development of the digital asset industry. Meanwhile, reports indicate that Trump and his associated businesses have generated over $1 billion in gains through cryptocurrency.

As we enter 2026, cloud mining is emerging as a new area of ​​interest amidst the continued development of computing infrastructure and digital asset markets. For the average investor, the question arises: how can one generate $17,700 in passive income — or even more — despite constant market volatility?

Cloud mining, represented by platforms like SHRMiner, is rapidly gaining market attention. By providing rentable computing power services and earning mining rewards, it allows users to access the complete cloud mining process and earn passive BTC income without purchasing expensive equipment or specialized skills.

Recently, SHRMiner, a UK-based cloud mining platform, officially launched a new “free cloud mining service.” This service is designed for holders of mainstream cryptocurrencies such as BTC, XRP, DOGE, LTC, and EHT, providing users with a new opportunity to participate in cryptocurrency mining without any entry barriers.

How to earn passive income from BTC through SHEMiner cloud mining

Start earning returns in just three simple steps:

1. Register an account

By visiting the official SHRMiner website, users can register for a free account in less than two minutes and receive a $15 sign-up bonus; this bonus allows them to quickly experience the platform’s services and earn a daily return of $0.60 from a complimentary trial contract.

2. Select a cloud mining plan

Choose a cloud mining plan that suits specific needs and budget. The platform offers flexible plans ranging from $100 to $200,000 to meet the investment goals of different users.

3. Start earning returns

After purchasing a contract, earnings are automatically settled within 24 hours without requiring additional management or action; users can withdraw their earnings to their cryptocurrency wallet addresses at any time or reinvest the profits to benefit from the compounding effect.

The primary advantage of this model is that it significantly lowers the barrier to entry. Users do not need to research specific mining hardware models or hashrate configurations, nor do they need to set up their own system environments; simply by registering an account, depositing assets, and selecting a mining plan, they can start earning returns.

SHRMiner Platform Advantages:

• Supports daily automatic settlement
• No additional electricity or maintenance costs required
• Utilizes advanced ASIC mining hardware, powered by renewable energy sources including hydropower, wind power, and solar power
• Supports mining for multiple currencies: earn mainstream cryptocurrencies such as BTC, XRP, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
• Equipped with SSL encryption and DDoS protection, a real-time earnings dashboard for easy monitoring of mining performance
• 100% remote access, fully accessible via the SHRMiner application or browser without hardware requirements, and 24/7 online technical support.
• Affiliate Program: The Affiliate Program allows users to earn up to 4.5% commission by referring friends, with the opportunity to earn an additional bonus of up to 30,000.

Examples of common contracts:

After purchasing a contract, earnings will be automatically credited to the user’s account within 24 hours. Upon contract expiration, the principal will be returned in full. Users may withdraw the principal or reinvest it to benefit from compound returns, click here for more details regarding the mining contract.

Unimaginable money-making opportunities

What sets SHRMiner apart is its extraordinary daily passive income; users have the opportunity to earn $10,700 or even more each day, turning the dream of online wealth into reality. Imagine generating substantial income without the need for ongoing investment or complex setups — that is exactly what SHRMiner offers.

Safety and Sustainability

In the mining sector, trust and security are paramount; SHRMiner fully recognizes this and prioritizes user safety above all else. Committed to transparency and legitimacy, SHRMiner ensures investments are protected, allowing users to focus on profitability. All mining facilities utilize clean energy, making this a carbon-conscious cloud mining operation. Renewable energy protects the environment from pollution while providing a powerful energy source.

In short

For those who are looking for ways to generate passive income, cloud mining is an excellent choice. When approached correctly, these opportunities allow them to effortlessly build cryptocurrency wealth on “autopilot” with minimal time investment. At the very least, they are far less time-consuming than any form of active trading. Passive income is the ultimate goal for every investor and trader, and with SHRMiner, maximizing passive income potential is easier than ever.

To learn more about SHRMiner, visit the official website.

Bitcoin developer Kevin Loaec, who flagged the risk on X this week, said large holders could be targeted first. Doing nothing will be a safer option, he stated, as coins that never move cannot be replayed because there is no signed transaction to copy.

How BIP-110 makes this possible

The reason any of this is happening is a proposal called BIP-110, which would keep pictures, text and other non-payment data out of bitcoin transactions for a year.

Changing bitcoin’s rules requires miners to agree, and they register that agreement by marking the blocks they produce. BIP-110 needs 1,109 marked blocks out of a 2,016-block stretch, or 55%. (A block is the batch of transactions miners add to the ledger roughly every ten minutes.)

That route is closed but the proposal has a second one written into it. From block 961,632, expected this weekend, computers running BIP-110 software will reject any block that does not carry the mark, whether miners agreed or not.

Almost every block being mined right now does not carry it. So those computers will start rejecting the chain that nearly all of bitcoin’s mining power is building.

If some miners continue building a BIP-110-compatible branch while the rest keep mining bitcoin as usual, two competing versions of the transaction history could emerge. It stalls if nobody keeps extending the minority branch, it stalls.

XRP faces renewed pressure after its first ETF outflow, while EX DeFi gains attention from investors seeking cloud mining and yield opportunities.

XRP price has recently remained weak, and the first significant outflow from XRP ETF since their launch has further heightened market caution.

Recently, XRP has underperformed relative to other top-ten digital assets by market capitalization; its price has repeatedly retested previous support levels, and upward momentum has slowed noticeably. Meanwhile, the latest data from SoSoValue indicates that XRP spot ETF recorded a net outflow of approximately $3.58 million during the last trading session — the first such outflow in nearly a month — sparking market attention regarding shifts in short-term capital sentiment.

Driven by market sentiment, XRP price briefly dropped to a recent low, causing its market capitalization to retreat and resulting in the temporary loss of its position as the world’s fourth-largest digital asset. Intensified short-term volatility has prompted some investors to re-evaluate their future investment strategies for XRP.

At the same time, an increasing number of XRP holders are considering alternatives: while maintaining a long-term bullish outlook on XRP, is there a way to mitigate the impact of short-term price volatility while generating continuous additional returns on their holdings?

It is against this backdrop that the EX DeFi cloud mining platform has garnered increasing attention from investors seeking to hedge against market volatility and boost their earnings through cloud mining and yield aggregation mechanisms.

XRP ETF outflows occur, yet the long-term growth thesis remains intact

Although the initial net outflow from XRP ETF has raised concerns among some market participants regarding short-term capital flows, many industry analysts believe this primarily reflects a decline in current market risk appetite rather than a fundamental shift in XRP long-term fundamentals.

In recent years, as the global regulatory environment has matured, Ripple has continued to build out its global payment network and expand into areas such as Real-World Asset (RWA) tokenization, cross-border payments, and digital financial infrastructure, thereby providing new growth momentum for the XRP ecosystem.

Despite a recent dip in secondary market trading activity and cautious sentiment among retail investors, institutional demand for long-term digital asset allocation persists, and the market’s overall foundation for growth remains fundamentally unchanged. 

As XRP volatility increases, EX DeFi emerges as a new option for investors

Amidst recent heightened volatility in XRP prices, an increasing number of XRP holders are turning to EX DeFi. They seek to explore more stable and sustainable yield models — leveraging cloud mining and yield aggregation mechanisms — while maintaining their long-term digital asset holdings.

Unlike high-volatility leveraged trading or strategies relying solely on price appreciation, the EX DeFi cloud mining platform offers a more convenient way to engage with digital assets. Users do not need to deploy mining rigs or maintain hardware; they simply select a hashrate contract to participate in mining services. This allows them to maximize the utility of their digital assets while keeping an eye on the long-term prospects of XRP.

About EX DeFi

Founded in 2021 and headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks such as MiCA and MiFID II. The platform continuously enhances transparency, operational standards, and user protection mechanisms to deliver a secure and seamless cloud mining experience.

The platform employs a multi-layered security architecture, featuring:

• Annual financial and security compliance audits by PwC;
• Digital asset custody insurance from Lloyd’s of London;
• Enterprise-grade network protection via Cloudflare and McAfee® security systems;
• Multi-layered encryption, AI-driven risk management, and 2FA (Two-Factor Authentication).

EX DeFi currently supports a wide range of mainstream digital assets — including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL — offering users flexible and diversified services.

How to start earning daily returns?

Step 1: Register an Account

Visit the official EX DeFi website and sign up using an email address to receive a $17 trial bonus.

Step 2: Select a mining package

Choose a cloud mining contract that suits a particular budget and timeframe, then start automated mining with a single click.

Step 3: Start earning returns

Once the contract is activated, the system automatically allocates hashrate, and earnings are settled on a 24-hour cycle. Users can withdraw their earnings at any time or continue participating to achieve long-term asset management goals. 

Popular yield contracts

BTC (Beginner Trial Contract): Investment $100, Duration: 2 days, Daily Return: $4, Total Profit: $100 + $8

DOGE (Golden Shell Mini-Doge Pro): Investment $500, Duration: 6 days, Daily Return: $6.5, Total Profit: $500 + $39

BTC (Canaan-Avalon-A1466): Investment $1,000, Duration: 10 days, Daily Return: $13.4, Total Profit: $1,000 + $134

LTC (Bitmain Antminer L7): Investment $5,000, Duration: 20 days, Daily Return: $73.5, Total Profit: $5,000 + $1,470

BTC (Bitmain S19K-Pro): Investment $10,000, Duration: 30 days, Daily Return: $161, Total Profit: $10,000 + $4,830

Please visit the official EX DeFi website to view more yield-generating mining contracts.

Summary

Although XRP ETF recently saw a net outflow of approximately $3.58 million — impacting short-term market sentiment — long-term prospects remain supported by a maturing regulatory environment, increased institutional participation, and ongoing development within the XRP ecosystem. The general market consensus is that short-term volatility will not alter the long-term growth trajectory of the digital asset industry.

For long-term XRP holders, the market focus is shifting from a reliance on price appreciation alone toward more diversified ways of engaging with the asset. EX DeFi cloud mining services offer users additional options for long-term participation in the digital asset ecosystem, allowing them to explore more stable and sustainable yield management strategies while focusing on the asset’s long-term value.

Still hesitating? Join the EX DeFi platform today and earn stable passive income amidst market volatility.