Binance CEO confirms $4.7 million phishing attack on Uniswap V3

  • Binance’s CZ confirmed that Uniswap V3 was hit by a phishing attack where users lost over $4.7 million of Ethereum. 
  • MetaMask security researcher Harry Denley raised the alarm as a false impression of a UNI airdrop was created. 
  • Uniswap price has witnessed double-digit losses in response to the attack. 

Uniswap V3 users suffered a $4.7 million fake token phishing attack. The phishing campaign targeted liquidity providers of the Uniswap v3 protocol, and nearly 73,399 addresses were sent malicious ERC-20 tokens to steal their assets. 

Also read: This is how easy you can get hacked and get your Bitcoin stolen

Phishing attack targets liquidity providers of Uniswap V3 protocol

Changpeng Zhao, the CEO of Binance, told his 6.6 million Twitter followers that Binance’s threat intel detected a potential exploit on Uniswap V3 on the Ethereum blockchain. The hacker stole 4,295 ETH so far and laundered the funds through Tornado Cash. 

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