Crypto Twitter members quickly identified and warned others of a scam prompted by the hacked account of Uniswap founder Hayden Adams.
Web3 Security Alerts channel on Telegram more dangerous Followers reported that Adams’ Twitter account was hacked on July 20. The account from Uniswap’s founder and CEO issued a tweet to more than 254,000 followers falsely claiming that the platform’s Permit2 contract had been “affected by an unknown exploit” and that users’ codes were compromised, encouraging them to click on a malicious link.
The first hoax tweet was only posted for a few minutes before it was taken down, but several nearly identical tweets were also posted. At the time of publication, many of them were still viewable to Twitter users. Web3 Security Alerts reports that Adams has also been banned from his accounts using MetaMask and Coinbase Wallet.
.@employeeTwitter account has been hacked. Please do not click on any links. There is no giveaway, airdrop, or reward. The protocol has not been hacked or exploited.
We’ll let you know when the issue is resolved
– Uniswap Labs (@uniswap) July 20, 2023
Related: $656M Lost From Hacks, Scams And Rug Pulling In H1 2023: Report
Bad actors using social media platforms to try to scam users aren’t crypto assets or anything new, but those behind the companies have tried to reduce the number and frequency of negatives. Twitter CEO Elon Musk announced on July 1 that the platform would be temporary limits The number of posts users will be allowed to read per day in an effort to “detect and eliminate bots and other bad actors”.
On July 6, social networking company Meta launched Thread, a micro-blogging app that is expected to compete with Twitter. Although the platform reached more than 100 million users in a matter of days, scammers promoting fake non-perishable token projects and impersonating other Crypto Twitter characters have already appeared.
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