Uniswap Founder Alerts Community on ENS Wallet Impersonation Scam

Hayden Adams, the creator of Uniswap, a decentralized exchange (DEX), has issued a warning to the cryptocurrency community regarding a scam involving Ethereum Name Service (ENS) domains being used as wallet addresses. Adams recently alerted users about scammers pretending to be him and registering his wallet address as an ENS wallet with the .eth extension. This deceitful tactic aims to confuse individuals sending digital assets, potentially causing them to send funds to the wrong address. To mitigate any losses caused by this attack, Adams advised user interfaces to filter out these malicious addresses.

Although this scam appears to be new, Taylor Monahan, the founder of MyCrypto, a manager for Ethereum wallets, stated that a similar scam was previously used in the early stages of the MyEtherWallet service. Monahan explained that this scam disrupted registrations and resolutions for names beginning with “0x.” Nick Johnson, the founder and lead developer of ENS, also commented on this scam tactic, emphasizing that autocomplete features for names should not be implemented due to the significant risks involved. The ENS guidelines strictly advise against such practices.

In January, crypto investors reported receiving emails from scammers impersonating prominent Web3 companies. These scammers conducted an extensive email campaign promoting fake airdrops while masquerading as well-known firms in the crypto industry, including , WalletConnect, and Token Terminal. It was later discovered that this phishing attack was the result of a security breach at the email marketing company MailerLite. On January 24, MailerLite confirmed that hackers gained control of Web3 accounts through a social engineering attack. A research team from the analytics platform Nansen estimated that the scammers’ phishing wallet received approximately $3.3 million since the start of the campaign.

It is crucial for cryptocurrency users to remain vigilant and exercise caution when conducting transactions. Scammers continue to exploit various tactics to deceive individuals and gain unauthorized access to digital assets. As demonstrated by the recent scams involving wallet addresses and phishing emails, it is necessary for both crypto platforms and users to implement robust security measures to safeguard against these threats. By adhering to best practices and remaining informed about emerging scam techniques, individuals can help protect themselves from falling victim to fraudulent activities in the cryptocurrency space.