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Fraudsters fool $8m out of Uniswap wallets

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Decentralised crypto exchange Uniswap has actually been targeted by an arranged phishing plan which left victims counting losses in the area of $8m.

On Monday, more than $6.5 m worth of cryptocurrency, consisting of Bitcoin (BTC) and Ether (ETH), was drained pipes from one wallet alone according to PeckShield after fraudsters assured a totally free air drop of 400 Uniswap tokens ($ 2,000).

A number of users succumbed to the phishing strategies and linked their wallets to the illegal site, just for the fraudsters to drain their accounts and trigger the users to suffer huge losses.

A 2nd user saw more than $900,000 worth of ETH and $774,000 worth of BTC drew from their wallet, with PeckShield reporting that than 4 more wallets have actually been contaminated, though they are yet to be drained pipes.

Lots of will be questioning how users with such large quantities of cryptocurrency might succumb to such an apparent rip-off. Nevertheless, the approach of airdropping tokens isn’t unusual on Uniswap.

In 2020 Uniswap rewarded all users who had actually traded on the platform with 400 $UNI tokens, which is now worth more than $2,200.

In 2021, a comparable marketing project saw crypto whales get airdrops worth 5 and 6 figures.

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