Burn

Uniswap

Token

ZachXBT

Shiba Inu

Hayden Adams, the founder of Uniswap, a pioneering <a href="https://coingape.com/glossary/decentralized-exchange/" rel="noopener noreferrer nofollow">decentralized exchange</a> (DEX), issued an alert and asked the crypto community to be aware of the Uniswap phishing scam.
On November 10, Hayden took to X, formerly Twitter, and shared screenshots, in which there were reports of a $2 million exploit through the Uniswap platform.
However, Hayden confirmed these exploit news to be fake, and asked everyone to be careful and fall into this trap of scammers.
<h2 id="no-2-million-uniswap-token-scam-false-news-alert">No $2 Million Uniswap Token Scam, False News Alert</h2>
Speaking of the false $2 million Uniswap phishing scam news, <a href="https://coingape.com/education/hayden-adams/" target="_blank" rel="noopener noreferrer nofollow">Hayden Adams</a> confirmed that these accounts of ZachXBT and Certik aren’t real. They replicated the X accounts of on-chain sleuth ZachXBT and blockchain security firm CertiK, and used it to spread the fake news of the Uniswap scam, to trend it in the U.S., creating panic amongst users.
They even organized a Zoom recording with fake high-ranking Uniswap executives, and shared a link, asking all the users to revoke the approval by clicking on the link, to defraud <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> users.
However, putting a pause on this Uniswap scam trend, Adams clarified that Uniswap and the Uniswap Foundation were not involved in the video or associated with the individuals involved, and no such $2 million scam has been reported.
Also Read: <a href="https://coingape.com/shiba-inu-burn-rate-rockets-1100-as-shib-price-plummets/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Burn Rate Rockets 1100% As SHIB Price Plummet</a>
<h2 id="crypto-community-reacts-to-hayden-s-warning">Crypto Community Reacts to Hayden’s Warning</h2>
After Hayden shared the post, many known faces from the crypto community reacted positively and extended gratitude for the awareness message, and for keeping the crypto community safe.
Many users shared funny responses tagging ZachXBT and Certik, as these were the accounts that were replicated to loot users of Uniswap.&nbsp; However, a section of comments indicated the need to be saved from such frauds and <a href="https://coingape.com/blog/how-to-spot-a-crypto-scam/" target="_blank" rel="noopener noreferrer nofollow">crypto scams</a>, as it is rising rapidly.
Meanwhile, reacting to Hayden’s post, ZachXBT shared a tweet, saying such replication of accounts is a very common occurrence and there is nothing that can be done to control this.&nbsp; The original ZachXBT confirmed that the account sharing the Uniswap scam news is not the original handle.
Also Read: <a href="https://coingape.com/whales-move-150-mln-xrp-amid-price-drop-ripple-ipo-speculations/" target="_blank" rel="noopener noreferrer nofollow">Whales Move 150 Mln XRP Amid Price Drop &amp; Ripple’s IPO Speculations</a>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/uniswap-founder-hayden-adams-warns-crypto-community-about-fake-2-mln-scam/">Uniswap Founder Hayden Adams Warns Crypto Community About Fake $2 Mln Scam</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Uniswap Founder Hayden Adams Warns Crypto Community About Fake $2 Mln Scam

Table of Contents

Coingape News Media

Other articles published on Nov 10, 2023

UAE-Based Laser Digital Introduces Fund to Support Ethereum Adoption

Humane Unveils Ai Pin, the Smartphone Alternative with Laser Projection

Artificial Intelligence: Paving the Way for the Fourth Industrial Revolution

Bitcoin Price Surge Benefits MicroStrategy: Profits Exceed $1 Billion!

Coin

U.S. Crypto Bill Prohibits Government Officials From Using USDT, NEO, And China-based Blockchains

Join our free newsletter for daily crypto updates!