Hackers Compromise Uniswap Founder’s Twitter Account to Promote Scam

Members of Crypto Twitter quickly identified and warned others against the scam being perpetrated by the compromised account of Uniswap founder Hayden Adams.

“Web3 Security Alert” Channel on Telegram notified Followers said on July 20 that Adams’ Twitter account had been compromised. The account of Uniswap’s founder and CEO issued a tweet to its more than 254,000 followers that falsely claimed that the platform’s Permit2 contract was “affected by an unknown exploit” and that users’ tokens were at risk, prompting them to click on a malicious link. encouraged to do so.

The first scam tweet was only live for a few minutes before it was deleted, but several nearly identical tweets were posted as well. At the time of publication, many were still viewable to Twitter users. Web3 Security Alerts reported that Adams was also blocked from accounts with Metamask and Coinbase Wallet.

,@haydenzadams‘Twitter account has been hacked. Please do not click on any link. There are no gifts, airdrops or rewards involved. The protocol has not been hacked or exploited.

We’ll let you know when the issue is resolved

– Uniswap Labs (@Uniswap) 20 July 2023

Connected: Crypto Hacks, Scams, and Frauds Lost $656 Million in the First Half of 2023: Report

Bad actors using social media platforms to try to dupe users out of crypto assets or fiat is nothing new, but the people behind the firms have attempted to reduce the number and frequency of cons. Twitter executive chairman Elon Musk announced on July 1 that the platform would be temporarily shut down. Limited Users will be allowed daily reads in an effort to “detect and eliminate bots and other bad actors”.

On July 6, social media firm Meta launched Threads, a microblogging app to compete with Twitter. Although the platform reached over 100 million users in just a few days, scammers promoting fake non-fungible token projects and impersonating other crypto Twitter personalities have already surfaced.

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