Hayden Adams, the Uniswap founder, has refuted rumors of a $2 million exploit on the decentralized trade (DEX), attributing the misinformation to phishing scammers.
Faux Uniswap exploit
In a Nov. 10 post on X, Adams shared screenshots exposing the unfold of false claims by scammers focusing on Uniswap customers.
These scammers replicated the X accounts of on-chain sleuth ZachXBT and blockchain safety agency CertiK to deceive customers into clicking a hyperlink for alleged “approval revocation.”
One impersonator account advised that two of Uniswap’s sizzling pockets addresses have been drained of 1,064 ETH, equal to $2 million, whereas a number of bot accounts on the social media platform lied about dropping their funds via the incident.
This false information was given extra chunk because the scammers trended the Uniswap hashtag within the U.S.
It was unclear if any Uniswap consumer had fallen for the rip-off as of press time.
Adams, nonetheless, has assured the crypto neighborhood that the DEX suffered no exploit and cautioned customers towards falling for phishing scams.
In line with him, the accounts spreading the pretend information usually are not genuine. Adams mentioned:
“Be careful for phishing scammers pretending there’s a Uniswap exploit tonight. There isn’t, and that’s not the actual Zachxbt, Certik, and so forth.”
On his half, ZachXBT said there was nothing he may do concerning the impersonators as a result of this was a “quite common prevalence.”
The on-chain investigator has persistently decried the spate of phishing scammers on the social media platform and has suggested X to up its safety measures.
Phishing scammers more and more goal Uniswap
In the meantime, this incident isn’t the primary time Uniswap has been targeted in a phishing scam.
Final month, scammers used a pretend Blockworks web site to disseminate false information of a multimillion-dollar “approvals exploit” on Uniswap.
The scammers prompted guests of their pretend web site to go to a counterfeit Etherscan web site to revoke approvals. This pretend information gained traction on varied crypto-related subreddits.
Earlier than this, blockchain safety agency PeckShield Alert had issued warnings about phishing accounts disseminating false details about Uniswap in April.
On the time, Peckshield stated that the scammers have been utilizing “utterly false statements” to set off unsuspecting people to click on phishing hyperlinks that might steal their crypto belongings.