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 change (DEX), attributing the misinformation to phishing scammers.

Pretend 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 prompt 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 dropping their funds by means of 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.

No exploit

Adams, nevertheless, has assured the crypto group that the DEX suffered no exploit and cautioned customers towards falling for phishing scams.

In accordance with him, the accounts spreading the faux 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 on.”

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

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 rip-off.

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 “utterly false statements” to set off unsuspecting people to click on phishing hyperlinks that may steal their crypto property.

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