On July 20th, the official Twitter account of the Uniswap exchange and the “Web3 Security Alert” channel on Telegram issued a new announcement stating that Adams’ Twitter account had been compromised.
On July 20th, the founder and CEO of Uniswap posted a tweet to his over 254,000 followers, falsely claiming that the platform’s Permit2 contract had been “affected by an unidentified vulnerability” and that user tokens were at risk, ultimately encouraging them to click on a malicious link.
The first fraudulent tweet only existed for a few minutes before being deleted, but similar tweets with almost identical content were also posted.
In recent times, malicious actors have been using social media platforms to attempt and deceive users out of their cryptocurrencies or fiat assets, which is not a new phenomenon. Companies have been making efforts to reduce the number and frequency of such fraudulent attacks as described above.