Binance CEO warns of phishing scams after Uniswap founder’s Twitter breach Binance CEO warns of phishing scams after Uniswap founder’s Twitter breach
Uniswap founder Hayden Adams has regained access to his hacked Twitter account.
2 min read
Updated: Jul. 22, 2023 at 8:53 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Binance CEO Changpeng ‘CZ’ Zhao warned the cryptocurrency community to be careful of phishing and other social engineering scams in a July 21 tweet.
CZ shared a link to a report from February that stated that the data of around 500 million users of Whatsapp had been leaked on the internet. The leaked data include phone numbers of several users in countries such as the U.S., the U.K., Egypt, Italy, Saudi Arabia, and others.
When a user pointed out that the article was six months old, the Binance CEO explained that the leaked data was now beginning to circulate widely.
The executive advised the community to enable two-factor authentication with a hardware device on all cryptocurrency exchanges.
Uniswap founder regains access to breached Twitter account
CZ’s cautionary statement was in response to the recent hack of Uniswap (UNI) founder Hayden Adams’ Twitter account.
On July 20, malicious players took control of Adams’s account, falsely tweeting that the decentralized exchange was compromised while attaching a phishing link for users to revoke access to their wallets.
However, Uniswap’s official Twitter account immediately debunked the news of its compromise, alerting the community to Adams’ Twitter account hack. The protocol warned that it was not organizing any airdrop, giveaway, or bounty.
Scam Sniffers reported that the hackers of Adams’s account have been active since April and created over 23 phishing sites in the last few months. The attackers have stolen about $3.6m from around 358 victims.
It was unclear if any users were affected or misled by the fraudulent announcement.
Meanwhile, Adams recovered access to his account during today’s early hours and promised to provide more information about the incident later. Uniswap confirmed this development.
While community members are still speculating on how Adams’s account was compromised, the chief information security officer at Slow Mist, 23pds, linked the hack to a possible SIM swap attack.
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Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Since its inception, the Uniswap Protocol (“Uniswap”) has served as a trustless and highly decentralized financial infrastructure.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Uniswap Labs
Uniswap Labs is a corporation that builds products on top of the Uniswap protocol to make it simple and easy to use. Its headquarters is in New York, New York, and it was created in 2018.
Changpeng Zhao, popularly known as “CZ,” is a notable figure in the cryptocurrency world, primarily for founding and leading Binance, the world’s leading cryptocurrency exchange by trading volume.
Hayden Adams is the inventor of Uniswap Protocol, an open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum.