Uniswap discredits $2 million exploit rumors as phishing scam

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 concentrating 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 urged that two of Uniswap’s scorching 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 shedding their funds by the incident.

This false information was given extra chunk as the scammers trended the Uniswap hashtag within the U.S.

It was unclear if any Uniswap consumer had fallen for the scam as of press time.

No exploit

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 faux information will not be genuine. Adams stated:

Watch out for phishing scammers pretending there is a Uniswap exploit tonight. There isn’t, and that’s not the real Zachxbt, Certik, etc.”

On his half, ZachXBT said there was nothing he may do in regards to the impersonators as a result of this was a “very common occurrence.”

The on-chain investigator has constantly 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 focused in a phishing scam.

Final month, scammers used a faux Blockworks website to disseminate false information of a multimillion-dollar “approvals exploit” on Uniswap.

The scammers prompted guests of their faux website to go to a counterfeit Etherscan web site to revoke approvals. This faux 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 “completely false statements” to set off unsuspecting people to click on phishing hyperlinks that might steal their crypto belongings.

DailyBlockchain.News Admin

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