Home Trending News Hackers Compromise Uniswap Founder Twitter Account, Promote Scam

Hackers Compromise Uniswap Founder Twitter Account, Promote Scam

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Hackers-Compromise-Uniswap-Founder-Twitter-Account-Promote-Scam-Crypto-Insiders-Hong-Kong-Blockchain-News

Introduction

On July 14, 2021, the Twitter account of Uniswap founder Hayden Adams was hacked by scammers. The hackers used Adams’ account to promote a fake cryptocurrency giveaway, promising to double the amount of Ethereum sent to their wallet address. The scam was designed to trick people into sending their Ethereum to the scammers’ wallet address, resulting in financial losses for the victims.

What Happened?

The hackers gained access to Adams’ Twitter account and changed the username to “Elon Musk”. They then tweeted a fraudulent message promising to double the amount of Ethereum sent to their wallet address. The tweet included a link to a fake Uniswap website that requested users to send their Ethereum to a specific wallet address. The fake website looked exactly like the legitimate Uniswap website, making it difficult for users to distinguish between the two.

How to Protect Yourself?

To avoid falling victim to similar scams, it’s important to take the following precautions:

  • Be wary of unsolicited messages on social media platforms, especially those promising large financial rewards.
  • Double-check the URL of any website before entering your login credentials or sending any cryptocurrency.
  • Use a hardware wallet or a reputable software wallet to store your cryptocurrency.
  • Enable two-factor authentication on all your online accounts.
  • Report any suspicious activity to the relevant authorities or social media platforms.

Related:SEC Chair Cites Risks to Crypto in Budget Request

Conclusion

The hack of Hayden Adams’ Twitter account is a reminder that even high-profile individuals can fall victim to cyberattacks. It’s important to stay vigilant and take necessary precautions to protect yourself from similar scams. By using hardware wallets, enabling two-factor authentication, and being cautious of unsolicited messages, you can reduce the risk of financial losses due to cybercrime.

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