ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Liquid Staking Tokens Are a Hot Ticket for 2024

November 30, 2023

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

November 30, 2023

IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

November 30, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Liquid Staking Tokens Are a Hot Ticket for 2024

    November 30, 2023

    Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

    November 30, 2023

    IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

    November 30, 2023

    The Algorand Foundation Expands Its Footprint in India

    November 30, 2023

    Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model

    November 30, 2023

    Research the dynamics of market manipulation before you jump in Bitcoin ETFs

    November 30, 2023

    Jack Dorsey Leads Funding Round in Move To Decentralize Bitcoin (BTC) Mining

    November 29, 2023

    CME Bitcoin futures show investors betting on $40K BTC price

    November 29, 2023

    NFT sales and pricing are driven by luck, scarcity, and optimism, according to multiple studies

    November 29, 2023

    Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

    November 29, 2023

    Ethereum donations top Save the Children HODL Hope Campaign

    November 29, 2023

    Interactive Brokers opens Hong Kong retail crypto trading with OSL

    November 28, 2023

    Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

    November 30, 2023

    Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels: Trader

    November 30, 2023

    Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

    November 30, 2023

    Crypto Trader Warns Slow Grind Down Incoming for Solana, Chainlink, Avalanche and One DeFi Altcoin

    November 29, 2023

    Liquid Staking Tokens Are a Hot Ticket for 2024

    November 30, 2023

    Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

    November 30, 2023

    IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

    November 30, 2023

    The Algorand Foundation Expands Its Footprint in India

    November 30, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Coin Bureau CRYPTO Portfolio: Ultimate Investing Strategy!

    November 29, 2023

    Ethereum going to $28,000 AFTER BlackRock ETF Approval? | Expert Explains

    November 29, 2023

    Ethereum to $4800 (Cardano Founder GOING Crazy)

    November 28, 2023

    orange-pilled moon boys #bitcoin #crypto

    November 28, 2023

    What’s NEXT For Binance?! Interview With CEO Richard Teng!

    November 28, 2023
ApeWatcher News
Home » Uniswap Users Fall Victim to a USD 8M NFT Phishing Attack, Binance Pulls False Alarm
News

Uniswap Users Fall Victim to a USD 8M NFT Phishing Attack, Binance Pulls False Alarm

Crypto NewsBy Crypto NewsJuly 12, 20221 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Users of Uniswap (UNI), the largest decentralized exchange (DEX) operating on the Ethereum (ETH) blockchain, have fallen victim to a sophisticated phishing attack, reportedly losing over USD 8.1m worth of assets. Meanwhile, Binance CEO Changpeng Zhao (CZ) falsely alarmed about the incident, claiming that the protocol itself was exploited. 

The phishing attack attempted to rob users of their assets under the false impression of a UNI airdrop, according to Metamask security analyst Harry Denley. He claimed that at least 73,399 addresses have been sent a malicious token to target their assets. 

The hacker is said to have executed the phishing campaign on a major Uniswap V3 liquidity pool (LP). They seemingly sent a malicious token to addresses acting under the false pretense of a UNI airdrop in an attempt to get users to sign the transaction. 

“First, the malicious contract pollutes the event data so that block explorers index the “From” as the legitimate “Uniswap V3: Positions NFT” contract,” Denley detailed, noting that when a user sees that “Uniswap V3: Positions NFT” sent them a token, they would get curious and check the token.

The token name directs users to a domain that imitates the real Uniswap branding. The website then executes a function that tries to steal the users’ assets. 

According to on-chain data of the address identified as the attacker, a total of ETH 7,500 (USD 8.1m) has been laundered through crypto mixing service Tornado Cash. The address currently holds just ETH 70. 

Binance CEO CZ initially falsely alarmed about the incident, saying that the protocol itself was exploited. “Our threat intel detected a potential exploit on Uniswap V3 on the ETH blockchain,” he said in a tweet. 

However, CZ later confirmed that the protocol is safe and the attack was a phishing attempt. 

“A phishing attack that resulted in some liquidity pool NFTs being taken from individuals who approved malicious transactions,” Uniswap founder Hayden Adams said. “Totally separate from the protocol.”

Meanwhile, some in the crypto community slammed CZ for tweeting about the issue without verifying it first, claiming that with an audience of 6.6m followers on Twitter he should be more careful about spreading panic. 

“Stupid as f*ck to tweet this out instead of asking the team privately even if it *was* an exploit,” said FatMan, a pseudonymous Terra community researcher. “The fact that it has nothing to do with the contract (and the Binance team didn’t bother checking this) makes it so much worse.”

At 06:42 UTC, UNI is the second-worst performer among the top 100 cryptoassets by market capitalization today. It dropped 7% in a day, nearing USD 5.5. It’s still up almost 6% in a week. 
____
 
– NFT Giant OpenSea Shares 5 Safety Recommendations as Users’ Emails Leaked
– Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules

– NFT Self Defense: Staying Safe in Web3
– Crypto Sector World’s 3rd Industry in Phishing Attacks Growth – Report



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Liquid Staking Tokens Are a Hot Ticket for 2024

November 30, 2023

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

November 30, 2023

IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

November 30, 2023

The Algorand Foundation Expands Its Footprint in India

November 30, 2023

Bitcoin Price Prediction as It Breaks $38,000 Again – Will $40,000 Be the Next Milestone?

November 30, 2023

Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model

November 30, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Liquid Staking Tokens Are a Hot Ticket for 2024

November 30, 2023

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

November 30, 2023

IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi

November 30, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.