Uniswap Founder Warns of Scammers Using Fake Crypto Wallet Interfaces
Hayden Adams, the founder of Uniswap, recently issued a warning to the crypto community about a new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. Scammers are using fake clones of Ethereum Name Service (ENS) domains to deceive users and potentially steal their funds.
How the Scam Works
In a social media post, Adams expressed his concern and alerted users and interfaces about this scam. He explained that scammers are buying ENS domains that closely match intricate Ethereum addresses. When users paste their address into certain UIs, the top result shown is the ENS match instead of the actual resolved ENS name. This can lead to confusion and potential fund loss for unsuspecting users.
Scammers Exploit ENS Domains to Mimic Major Exchanges
In another related incident, scammers have used ENS domains to mimic major exchanges’ wallets. By registering multiple ENS domains that resemble highly active addresses, scammers add “.eth” at the end to create fake addresses. This allows them to intercept payments directed to these mimicked addresses and exploit the fact that many wallets support ENS domains as valid destinations for asset transfers. Users may unknowingly send assets to these fake domains with a single misclick.
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