On-chain analysts report scammers stole at least $400,000 via fraudulent Google ads impersonating the decentralized exchange.
Scammers have stolen at least $400,000 from cryptocurrency users through fake Google ads mimicking Uniswap. The fraudulent ads direct victims to phishing sites designed to drain funds from wallets.
Security experts noted a sharp rise in such phishing campaigns since March, with attackers exploiting compromised ad accounts or purchasing ads to impersonate popular crypto protocols. Users clicking sponsored links for fake Uniswap sites unknowingly expose their assets.
No immediate market reaction was reported, but the incident highlights growing risks in digital asset security and online advertising fraud.