The hackers posted malicious links from Adams’s Twitter account driving people to scam websites. The Uniswap co-founder recently confirmed that the account is restored for now.
Despite strong growth and maturity, hacks and theft incidents continue to plague the crypto industry. On Thursday, July 20, the crypto community found that the Twitter account of Uniswap co-founder Hayden Adams has faced a major breach.
The hackers made several tweets from the account driving users to all scammy websites. On July 20, the “Web3 Security Alerts” channel on Telegram informed its followers about the compromise of Adams’s Twitter account. The compromised account of Uniswap’s founder and CEO, with over 254,000 followers, posted a false tweet claiming that the platform’s Permit2 contract had been impacted by an unknown exploit, putting users’ tokens at risk. The tweet included a malicious link, encouraging people to click on it.
The initial scam tweet was taken down shortly after being posted, but several similar ones followed. Web3 Security Alerts revealed that Adams’ accounts with MetaMask and Coinbase Wallet remain blocked.
Also, the message offering free $UNI tokens doesn’t appear anymore. However, the account continued to post tweets with scam links as late as 4:43 p.m. in New York.
Uniswap Labs Issues Statement, Adams’s Twitter Account Restored
Hours later, Uniswap Labs issued a statement confirming the hack of Hayden Adams’s account. It noted:
“@haydenzadams’ Twitter account has been hacked. Please do not click on any links. There is no giveaway, airdrop, or bounty. The Protocol has not been hacked or exploited. We will let you know when the issue is resolved.”
However, a few hours back, Haydem Adams stated that they have managed to restore the account again. “In control of my Twitter again. Appreciate everyone who helped out tonight, and the effort people put in to help with takedowns, warnings, etc,” he wrote.
It’s not new for scammers to use social media to trick people into giving away their cryptocurrency or money. Twitter’s Elon Musk announced on July 1 that they would limit the number of posts users can read each day to catch and stop fake accounts and bad actors.
Recently, Meta launched its new app Instagram Threads to compete with Twitter. Within days, the app gained over 100 million users. However, scammers have already started promoting fake nonfungible token projects and pretending to be other well-known crypto Twitter users.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Source: https://www.coinspeaker.com/twitter-account-uniswap-scam/