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Beware of fake Uniswap applications

 

With the recent uptake and hype around cryptocurrencies, a similar trend is being observed with crypto related scams increasingly advancing its techniques and being more clever at catching both new and intermediate users off guards. The recent report from Nuggets News founder Alex Saunders reports on a fake Android app which has cost a loss of $20,000 to one of its members.

  • The application called Uniswap DEX has hundreds of positive reviews and lures Android users to input their wallet’s private key after installation and reportedly draining all the users funds.
  • To make things worse because of the fake review inflation during past month the application currently appears on third position when looking up “Uniswap” on the Google’s PlayStore.

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  • Upon launching the application the user is presented with a very basic user interface prompting for the victims private key or seed phrase upfront which is then sent over to the attacker’s remote server and drained out of funds.
  • With that, users should be always on a watch out when being asked to input their private keys with many applications in the wild awaiting for preys to fall into the trap.

 

Related Reading
 
Ongoing crypto free earn campaigns:
  • Earn daily through publish0x by tipping & posting, lbry.tv by watching video & media content and presearch for a non intrusive search engine
  • Honeygain & Theta Edge for passive gains through participating in content delivery networks
Other crypto gateways:

Most popular & rewarding exchanges currently include Swissborg, Binance, Coinbase, Celsius & Crypto.com

For industry standard secure hardware wallets consider using Ledger or Trezor to keep your funds safe.

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