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Hackers compromise Uniswap founder's Twitter account to encourage fraud

Published on

July 20, 2023
Read Time:1 Minute, 47 Second

Crypto Twitter members have been fast to determine and warned others a few rip-off fueled by Uniswap founder Hayden Adams' compromised account.

The Web3 Safety Alerts channel on Telegram notified Followers reported that Adams' Twitter account was compromised on July 20. The Uniswap founder and CEO's account posted a tweet to his 254,000+ followers falsely claiming that the platform's Permit2 contract was "affected by an unknown exploit" and that customers' tokens have been compromised, encouraging them to click on on a malicious hyperlink.

July 20 tweet despatched by hackers through Uniswap founder Hayden Adams' Twitter account. Supply: Twitter

The primary rip-off tweet was solely lively for a couple of minutes earlier than it was eliminated, however a number of practically an identical tweets have been additionally posted. On the time of publication, many of those have been nonetheless seen to Twitter customers. Web3 Safety Alerts reported that Adams was additionally banned from his MetaMask and Coinbase Pockets accounts.

.@haydenzadams"The Twitter account was hacked. Please don't click on any hyperlinks. There isn't any giveaway, airdrop or bounty. The protocol has not been hacked or exploited.

We'll let when the problem is resolved

- Uniswap Labs (@Uniswap) July 20, 2023

Associated: $656M misplaced to crypto hacks, fraud and rug pulls in H1 2023: report

Malicious actors utilizing social media platforms to lure customers into crypto property or fiat currencies is nothing new, however agency backers have tried to scale back the quantity and frequency of the scams. Twitter CEO Elon Musk introduced on July 1 that the platform could be briefly shut down restrictive The variety of posts customers are allowed to learn every day is ready to "detect and get rid of bots and different malicious actors."

On July 6, social media firm launched Meta Threads, a microblogging app supposed to rival Twitter. Though the platform reached greater than 100 million customers in a number of days, scammers selling faux non-fungible token initiatives and posing as different Crypto Twitter personalities have already emerged.

Journal: 4 out of 10 NFT gross sales are faux: Learn to spot the indicators of wash buying and selling



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : July 20, 2023
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