Crypto Scams Exceed $370 Million in January Amid Uniswap Phishing Attack

Crypto users are being warned to remain vigilant against sophisticated phishing attacks after a recent Uniswap fake ads scam drained a six-figure wallet.

The attack, which is part of a larger trend of crypto scams and exploits exceeding $370 million in January, demonstrates the increasing threat posed by organized cybercriminals.

Sponsored advertisements, fake social media accounts, and cloned websites are now common tools used to deceive investors, particularly those new to the decentralized finance sector.

To stay protected, users should bookmark official websites instead of relying on search results, avoid clicking on sponsored ads related to crypto platforms, double-check URLs carefully before connecting a wallet, and use hardware wallets for additional protection.