Uniswap Fake Token Phishing Attack Results In $4.7 Million Loss

Some initially interpreted the hack as an exploit of the Uniswap V3 protocol, but it was quickly clarified as the result of a phishing campaign. A sophisticated phishing campaign targeting liquidity providers (LPs) of the Uniswap v3 protocol has seen attackers make off with at least $4.7 million worth of Ethereum (ETH). However, the community is reporting the losses could be even greater. Metamask security researcher Harry Denley was one of the first to raise the alarm bells of the attack, telling his 13,000 Twitter followers on July 11 that 73,399 addresses had been sent malicious ERC-20....

The crypto space still presents risks like scams, hacks, rug pulls, etc. In another troubling event, a crypto whale lost over $24 million worth of assets in a massive phishing scam.  In this case, the victim address is regarded as a major liquidity provider on the Uniswap Decentralized Exchange (DEX), supplying over $1.6 million worth […]

Uniswap (UNI) has been moving against the general sentiment in the market. As Bitcoin, Ethereum, and larger cryptocurrencies give out their last week’s gains, UNI’s price remains impervious and maintains bullish momentum. Related Reading | TA: Ethereum Breakdown Looks like the Real Deal, $1K Is The Key At the time of writing, Uniswap (UNI) trades at $5.7% and records a 10% profit in the past 7 days and a 32% profit over the last month. In smaller timeframes, UNI’s price has begun to weaken as it displays a 3% loss in the past day. Yesterday, liquidity providers on the platform....

OpenDNS Security Labs has recently revealed the extent of phishing attacks targeting Blockchain wallet users. Bitcoin has become the most valued financial instrument as it continues to put up a strong performance while other major currencies and markets are registering a slump following the Brexit results. As the value of the digital currency continues to increase, so are the number of phishing scams run by cybercriminals looking for ways to make a quick buck. In a recent blog post, the OpenDNS Security Labs has reported an increase in the number of phishing attempts, targeted towards....

The phishing attack coincided with the one-year anniversary of BAYC's launch, leading many users to believe that the link was authentic. As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token, or NFT, collection's official Instagram page and shared links to a fake airdrop with the project's followers.Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the attack was planned to coincide with the one-year anniversary of the launch of the BAYC collection,....