Hackers compromise Uniswap founder’s Twitter account to promote scam

Related: $656M lost from crypto hacks, rip-offs and carpet draws in H1 2023: ReportBad actors utilizing social networks platforms to try and fool users out of crypto possessions or fiat is absolutely nothing brand-new, however those behind the firms have actually attempted to minimize the number and frequency of cons. Twitter executive chair Elon Musk revealed on July 1 the platform would be momentarily restricting the number of posts users will be permitted to check out daily in an effort to “detect and eliminate bots and other bad actors.” On July 6, social networks company Meta introduced Threads, a microblogging app expected to rival Twitter. The platform reached more than 100 million users in a matter of days, scammers promoting fake nonfungible token projects and impersonating other Crypto Twitter characters have already appeared.Magazine: 4 out of 10 NFT sales are phony: Learn to spot the indications of wash trading

Members of Crypto Twitter have quickly recognized and warned others versus a fraud being pushed by Uniswap founder Hayden Adams jeopardized account.The “Web3 Security Alerts” channel on Telegram alerted fans that Adams Twitter account had been jeopardized on July 20. The account from the Uniswap creator and CEO launched a tweet to its more than 254,000 fans falsely claiming that the platforms Permit2 agreement had been “impacted by an unidentified make use of” and users tokens were at risk, encouraging them to click a destructive link.July 20 tweet sent out from Uniswap creator Hayden Adams Twitter account by hackers. Source: TwitterThe first scam tweet was just live for a couple of minutes before being gotten rid of, however numerous nearly similar tweets were also posted. At the time of publication, numerous were still viewable to Twitter users. Web3 Security Alerts reported Adams had actually also been blocked from his accounts with MetaMask and Coinbase Wallet..@haydenzadams Twitter account has actually been hacked. Please do not click any links. There is no airdrop, free gift, or bounty. The Protocol has not been hacked or exploited.We will let you know when the issue is fixed– Uniswap Labs (@Uniswap) July 20, 2023

Other Questions People Ask

What happened when hackers compromised Uniswap founder’s Twitter account to promote a scam?

When hackers compromised Uniswap founder Hayden Adams' Twitter account, they posted a fraudulent tweet claiming that the platform's Permit2 contract had been exploited, putting users' tokens at risk. This tweet was designed to mislead followers into clicking a malicious link. Although the tweet was removed shortly after it was posted, similar tweets continued to circulate, causing concern among the community. The incident highlights the ongoing risks associated with social media and cryptocurrency.

How can users protect themselves from scams like the one involving Uniswap founder’s Twitter account?

To protect themselves from scams similar to the one involving Uniswap founder Hayden Adams, users should be cautious about clicking links shared on social media, especially from accounts that may have been compromised. Always verify information through official channels or trusted sources before taking any action. Additionally, enabling two-factor authentication on social media accounts can help prevent unauthorized access. Staying informed about common scams in the crypto space is also crucial for safeguarding assets.

What steps did Uniswap take after the Twitter account hack?

Following the hack of Hayden Adams' Twitter account, Uniswap quickly issued a warning to its followers, advising them not to click any links related to the fraudulent tweet. They clarified that there was no airdrop, giveaway, or bounty associated with the compromised account and reassured users that the protocol itself had not been hacked. This prompt communication aimed to mitigate potential losses and prevent further spread of misinformation. Uniswap Labs also indicated they would keep users updated on the situation as it developed.

What are the implications of the Uniswap founder's Twitter account being hacked?

The hacking of Uniswap founder Hayden Adams' Twitter account underscores the vulnerability of high-profile figures in the cryptocurrency space to cyberattacks. Such incidents can lead to significant financial losses for users who fall victim to scams, as evidenced by the broader context of $656 million lost in crypto hacks and scams in early 2023. Additionally, it raises concerns about the security measures in place on social media platforms and the need for enhanced protections against impersonation and fraud. This event serves as a reminder for both users and platforms to remain vigilant against potential threats.

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