December 25, 2024

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Uniswap scam alert: Fraudsters impersonate executives and create fake website

1 min read
Uniswap scam alert: Fraudsters impersonate executives and create fake website

Hayden Adams, the creator of the Uniswap protocol and CEO of Uniswap Labs, recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website.

In a tweet, Adams

Twitter user, Roland, shared his astonishment regarding the event described in Adams’ tweet. Despite residing near Shenzhen, he expressed unfamiliarity with such an event and speculated that it could have been organized discreetly due to the stringent cryptocurrency regulations in China.

The People’s Bank of China prohibited crypto exchanges from operating in the country in 2018, claiming they encouraged public financing without approval. China has banned all cryptocurrency operations since September 2021.

Magazine: Chinese TV’s crypto ‘bull run’ report censored,