Scam Uniswap Airdrop Targeting DeFi Users: How To Stay Safe

Scammers push a fraudulent Uniswap airdrop campaign to capitilize on excitement surrounding the Uniswap v4 upgrade.

Two hackers getting coins transfered to them.
Created by Kornelija Poderskytė from DailyCoin
  • A fraudulent Uniswap airdrop PR is circulating on reputable crypto news outlets.
  • The scam targets existing and new Uniswap users.
  • Find out how you can stay safe.

Irrespective of the industry, scammers are always looking for the next trendy thing they can piggyback on to trick users out of their money. In the latest instance, these malicious actors look to be riding the excitement surrounding the announcement of the timeline of Uniswap‘s v4 upgrade. Following the announcement, a fraudulent press release of a Uniswap airdrop has made the rounds online.

Is Uniswap Giving Away $10 Million UNI?

Over the past few hours, a press release has made its way to several reputable crypto news outlets claiming that Uniswap is offering $10 million worth of UNI in airdrops to old and new users to commemorate the launch of Uniswap v4. This campaign, however, appears to be fraudulent.

DailyCoin had also initially published this PR but quickly took it down on suspicion of foul play after Bitcoin.com reached out and flagged it as a potential scam.

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On further investigation, DailyCoin found that besides the PR, there is no word of this supposed airdrop on official channels. Aside from the lack of corroborating sources, we discovered that attached backlinks load with a suspicious URL before ending up at what looked like the official Uniswap URL. In one of these instances, the link directed us to an obviously malicious URL.

Screenshot of fraudulent Uniswap airdrop interface.
Screenshot of fraudulent Uniswap airdrop interface

DailyCoin reached out to Uniswap for comments but has yet to receive feedback at the time of writing.

How To Stay Safe 

With airdrops coming back in style amid favorable crypto market tailwinds, airdrop scams like this one targeting Uniswap users are becoming more commonplace, running rampant on social media platforms like X and now making their way to reputable news outlets. Below are tips to avoid falling victim to these types of scams:

  • Always endeavor to confirm from official sources before joining an advertised campaign.
  • Always double-check website URLs before connecting your wallet or signing transactions.
  • Contact solution providers when unsure.

On the Flipside

  • DailyCoin has yet to see reports of losses due to the fraudulent Uniswap airdrop campaign.

Why This Matters

Uniswap is the largest decentralized exchange by volume and TVL. The fraudulent PR casts a wide net that could lure in old and new Uniswap users. The risk of user losses is amplified with the PR making it to reputable news outlets.

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Read this for more on Uniswap:
Uniswap Charges Accessibility with Rootstock Integration

Find out more about the outcome of Polygon’s bid for ApeCoin DAO’s business:
Polygon (MATIC) Loses Bid To Build ApeCoin DAO Layer 2

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Okoya David

David Okoya is a crypto news reporter at DailyCoin based in Nigeria. He covers various topics related to the cryptocurrency industry, including exchanges, regulations, and price movements, and strives to bring fresh angles to breaking news. With experience as a freelance crypto news writer, David upholds the highest journalistic standards, telling complete stories and answering lingering questions whenever possible.