Crypto Community Warned Over Fake Ads Impersonating Uniswap

A security alert has been issued for the crypto community following a reported incident involving fake ads impersonating Uniswap.

According to reports, a user lost access to a mid six-figure cryptocurrency wallet after interacting with a malicious link. The platform's founder has since warned users to verify official sources before connecting their wallets.

The incident highlights the ongoing risk of phishing and social engineering in the crypto space. In January alone, security data showed that crypto scams and exploits surpassed $370 million, demonstrating the need for vigilance among users.

Experts recommend that users always double-check URLs and avoid sponsored links when accessing DeFi platforms to prevent similar incidents in the future.