Fake Uniswap Ads Drain Six-Figure Wallets as Crypto Exploits Reach $3.7 Billion in January
Hayden Adams, founder of the decentralized exchange @Uniswap Protocol , has issued a warning to users regarding fraudulent online advertisements impersonating the platform, following an incident in which a victim lost an entire six-figure crypto wallet.
In January alone, a total of $3.7 billion was lost to exploits and scams—the highest level recorded in the past 11 months—with a single victim reportedly losing approximately $2.84 billion through a social engineering attack.
These malicious advertisements have appeared at the top of Google search results, mimicking Uniswap’s official interface to deceive users into connecting their wallets and approving unauthorized fund withdrawal transactions.
