More than $4.7M stolen in Uniswap fake token phishing attack

2022.07.12 17:36

More than $4.7M stolen in Uniswap fake token phishing attack

A sophisticated phishing campaign targeting liquidity providers (LPs) of the Uniswap v3 protocol has seen attackers make off with at least $4.7 million worth of Ethereum (ETH). However, the community is reporting the losses could be even greater.

Metamask security researcher Harry Denley was one of the first to raise the alarm bells of the attack, telling his 13,000 Twitter (NYSE:TWTR) followers on July 11 that 73,399 addresses had been sent malicious ERC-20 tokens to steal their assets.

How it works

Not an exploit