Fake Google Ads Drain Trader’s Portfolio; Uniswap Founder Calls for Action
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A trader lost a six-figure portfolio due to a fake Google ad for Uniswap. Uniswap's founder, Hayden Adams, noted ongoing issues with phishing scams and counterfeit apps, despite efforts to combat them. These attacks continue to exploit vulnerabilities in deception tactics such as Punycode URLs.
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- A trader lost a six-figure portfolio via a fake Google ad for Uniswap.
- Attackers use Punycode URLs and fake sites to trick even experienced hardware wallet users.
- Hayden Adams said Uniswap has been battling counterfeit apps and scam ads for years.
Hayden Adams, founder of Uniswap, has warned that crypto phishing scams tied to online advertisements remain a serious threat. This came after a trader lost a mid-six-figure portfolio in a single transaction through a fake Google ad impersonating the protocol.
In a post on X, Adams said the team has been battling counterfeit Uniswap apps and scam ads “for years,” yet fraudulent campaigns continue to resurface. He revealed that fake Uniswap applications even appeared during the months-long wait for official App Store approval, while scam ads kept returning despite repeated reports.
“They ban third-party tools like…
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