Crypto Media Houses Taken In By Fake $10M Uniswap Airdrop Scam

by Dan Gutmann

Crypto Media Houses Taken In By Fake $10M Uniswap Airdrop Scam

Crypto Media Homes Taken In By Counterfeit $10M Uniswap Airdrop Rip-off

Counterfeit uniswap airdrop

Image by Jimmy Aki, Midjourney

A scammer deceived several crypto media properties into working reports on a fictitious $10 million Uniswap airdrop on February 15. This comes as the automated market maker (AMM) blockchain protocol publicizes the timeline for its most stylish V4 platform.

Crypto Recordsdata Retail outlets Promote Counterfeit Uniswap Airdrop


The scammer sent an announcement to several respected crypto news retail outlets bringing up that the Uniswap blockchain became launching a $10 million airdrop social media campaign.

The click liberate, which came with a ‘one-time glance’ option, acknowledged that it became intended to commemorate the delivery of Uniswap’s V4 platform.

The cybercriminal moreover coordinated seamlessly with the following announcement of the protocol’s replace.

To lend credibility to the deception, the unidentified perpetrator impersonated a representative of Uniswap Foundation—a physique dedicated to the enhance of the Uniswap ecosystem.

Sharing insights on the scammer’s modus operandi, a news outlet acknowledged he referenced a dialog with the VP of Dialog for the Uniswap project on the highlighted $10 million.

Extra investigation revealed that the press liberate had embedded monitoring links, on the opposite hand. Once clicked, it loaded with a suspicious URL redirecting to a counterfeit Uniswap web plan.

DailyCoin became one among the crypto media properties scammed. The media company before the entire lot published the spurious article sooner than deleting it once they came across the intent.

Earlier this week, Uniswap founder Hayden Adams reported an impersonation rip-off that centered his pockets cope with. Adams acknowledged that the scammer copied his cope with and added the .eth designate to fabricate an Ethereum Name Carrier (ENS) cope with.

Uniswap V4 Situation For Q3, 2024


In a post on X (previously Twitter), the Uniswap Foundation revealed that the V4 delivery is tentatively set of abode for this yr’s third quarter (Q3). This is as a result of the anticipated mainnet delivery of Ethereum’s Dencun upgrade by March 2024.

The Dencun upgrade is a bunch of abode of Ethereum Improvement Proposals (EIPs) that purpose the hotly anticipated EIP-4844 called Proto-Danksharding.

Proto-Danksharding is anticipated to diminish the transaction charges of L2 blockchain networks working on the older neat contract network.

Outlining the roadmap for the V4 delivery, the Uniswap Foundation team acknowledged that it would commence up with an intensive core code completion, attempting out, gas optimizations, safety enhancements, and finalizing the periphery.

The 2nd stage of the delivery will test the V4 comprehensively audited by a couple of blockchain companies, to boot to a neighborhood audit.

Additionally, the V4 will likely be launched on the testnet after last adjustments. The last allotment will test the platform delivery on the Ethereum mainnet.

The Uniswap team did no longer mention a $10 million airdrop campaign in the tweet. Within the meantime, the scammer acknowledged the airdrop would be completed on a ‘first advance, first served’ (FCFS) foundation—a tactic distant places to the AMM protocol.

Outdated airdrops completed by the decentralized trading platform in total rewarded customers with a stable trading history on the platform.

Whereas the ruse took in different news retail outlets, no financial losses were reported. Crypto investors are told to be cautious and most effective spend respectable channels for up-to-date data.

Source : cryptonews.com

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