Uniswap users lost more than $8 million worth of Ether on Tuesday in a phishing attack aimed at luring Uniswap customers with a message offering an alleged airdrop, cybersecurity researchers said.
Binance CEO Changpeng “CZ” Zhao noticed the attack and reached out to stop it. A security guard first noticed the attack in Metamask around 4:00 p.m. UTC. He tweeted, informing us that the attack started about two hours ago.
⚠️ As of block 151,223,32, there has been 73,399 address that have been sent a malicious token to target their assets, under the false impression of a $UNI airdrop based on their LP’s
Activity started ~2H ago
0xcf39b7793512f03f2893c16459fd72e65d2ed00ccc: @Uniswap @etherscan pic.twitter.com/5W51AikFuV
— harry.eth 🦊💙 (whg.eth) (@sniko_) July 11, 2022
Later, CZ also posted a Tweet informing Uniswap of the attack. Zhao said Binance threat intelligence noticed the malicious activity hackers had already stolen more than 4,295 ETH.
Zhao reached out, asking the community to contact Uniswap. In less than half an hour, the attack was stopped. Zhao posted another Tweet sharing a chat screen to update the community.
Connected with the @uniswap team. The protocol is safe.
The attack looks like from a phishing attack. Both teams responded quickly. All good. Sorry for the alarm.
Learn to protect yourself from phishing. Don’t click on links. 🙏 pic.twitter.com/FIXebz3iBC
— CZ 🔶 Binance (@cz_binance) July 11, 2022
Despite the bear market, Uniswap has expanded its business. In early April, he set up venture capital to back projects with similar goals to Uniswap.
A week later, Uniswap hinted that it was also playing for Web3 dominance by announcing the launch of “swap widget” website integration.
Based on Uniswap’s strong reputation and token’s slow but steady rise despite the bear market, speculators claim the phishing attack was a FUD for major names to buy lower.
