The CEO of Uniswap Labs and the inventor of the Uniswap protocol, Hayden Adams, recently tweeted his amazement at a fraud involving a bogus Uniswap website.
Adams expressed his surprise at the elaborateness of the fraud in a tweet, highlighting the fact that it took a lot of work.He added that the con artists had links on their false website that led users to the authentic Uniswap app as well as Chinese community information integrated into their plan.
The con artists went to considerable measures to produce an hour-long Zoom recording featuring people posing as senior officials from Uniswap in order to give their scheme an added degree of authenticity.The purpose of this carefully crafted video presentation was to trick viewers into thinking the swindle was real.
Adams acknowledged his perplexity after watching the footage by saying, “footage is weird.I’m not familiar with any of those people.
Adams clarified that neither Uniswap nor the Uniswap Foundation had any affiliation or involvement with the disputed video or the people who participated in it, clearing up any misunderstandings. According to Crypto Twitter, the fraud may be centered around a video showing individuals in Shenzhen, China, marketing the Uniswap coin.According to reports, the video had titles like “The first Uniswap Asian Summit” and “Guest: CEO of Uniswap.”
Adams and his group have been working to stop the swindle and lessen its effects.Their actions include deleting the domain that was utilized to build the fake website.
In response to Adams’ tweet on the incident, Roland, a Twitter user, expressed his surprise. He claimed to not be familiar with such an event despite living close to Shenzhen and surmised that it might have been planned covertly because of China’s strict cryptocurrency laws.
In 2018, the People’s Bank of China outlawed the operation of cryptocurrency exchanges in the nation on the grounds that they supported public financing without authorization.Since September 2021, China has outlawed all cryptocurrency transactions.