{"id":6886,"date":"2026-02-23T13:08:39","date_gmt":"2026-02-23T13:08:39","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6886"},"modified":"2026-02-23T13:08:39","modified_gmt":"2026-02-23T13:08:39","slug":"uniswap-founder-warns-of-fake-ads-as-victim-says-scam-drained-everything","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6886","title":{"rendered":"Uniswap Founder Warns of Fake Ads as Victim Says Scam \u201cDrained Everything\u201d"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_e59b202f7d601ec98cc2720b63db0e0b\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hayden Adams warns that fraudulent search ads impersonating Uniswap continue to resurface despite years of reporting.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A trader known as \u201cIka\u201d says a fake sponsored link led to the loss of his entire mid-six-figure crypto portfolio.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">January saw US$370.3 million (AU$522.12 million) stolen, with a major share linked to a single social engineering attack.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Uniswap founder Hayden Adams has warned users about fraudulent advertisements impersonating the decentralised exchange after a trader said a scam \u201cdrained everything\u201d from his wallet. The alert follows reports that January recorded the highest amount stolen in crypto scams in 11 months.<\/p>\n<p>In a post on X, Adams said \u201cScam ads keep returning despite years of reporting,\u201d adding, \u201cThere were scam Uniswap apps while we waited months for App Store approval\u201d. He also wrote that the team had been battling counterfeit apps and misleading advertisements \u201cfor years\u201d.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">These scams are horrible, we\u2019ve been fighting them for years<\/p>\n<p>There were scam Uniswap apps while we waited months for App Store approval<\/p>\n<p>Scam ads keep returning despite years of reporting<\/p>\n<p>They ban 3rd party tools like ublock that combat the issue<\/p>\n<p>The ad economy needs to go https:\/\/t.co\/KCepOv8zUH<\/p>\n<p>\u2014 Hayden Adams \ud83e\udd84 (@haydenzadams) <a href=\"https:\/\/twitter.com\/haydenzadams\/status\/2024732245370544498?ref_src=twsrc%5Etfw\">February 20, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p><strong>Related: Uniswap Goes Live on X Layer: Faster, Cheaper DeFi\u2014All in One Place<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-how-wallets-get-drained\">How Wallets Get Drained<\/h2>\n<p>According to Adams, scammers are purchasing sponsored placements on major search engines using terms such as \u201cUniswap\u201d, causing fraudulent links to appear above the legitimate site. These imitation pages are designed to closely replicate the official interface, prompting users to connect wallets and approve transactions that enable attackers to empty funds within seconds.<\/p>\n<p>An X user known as \u201cIka\u201d said in a post titled \u201cI lost everything, what\u2019s next?\u201d that his mid-six-figure portfolio was wiped out. \u201cI believe that getting drained isn\u2019t bad luck. It\u2019s the final consequence of a long chain of bad decisions,\u201d he wrote. He had earlier shared a screenshot showing a top Google result linking to an inauthentic Uniswap site.<\/p>\n<p>The incident comes as crypto-related theft surged, with US$370.3 million (AU$522.12 million) stolen last month, the highest monthly total in 11 months. CertiK said that among 40 incidents in January, most losses stemmed from a single victim who lost about US$284 million (AU$400.44 million) in a social engineering scam.<\/p>\n<p><strong>Related: Ethereum Faces Potential 22% Slide to $1,500 as Bitcoin Drags Market Lower<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Scams,Uniswap#Uniswap #Founder #Warns #Fake #Ads #Victim #Scam #Drained1771852119<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hayden Adams warns that fraudulent search ads impersonating Uniswap continue to resurface despite years of reporting. A trader known as \u201cIka\u201d says a fake sponsored link led to the loss of his entire mid-six-figure crypto portfolio. January saw US$370.3 million (AU$522.12 million) stolen, with a major share linked to a single social engineering attack. Uniswap<\/p>\n","protected":false},"author":1,"featured_media":6887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2747,2090,2746,930,659,432,2748,220],"class_list":{"0":"post-6886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-ads","9":"tag-drained","10":"tag-fake","11":"tag-founder","12":"tag-scam","13":"tag-uniswap","14":"tag-victim","15":"tag-warns"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uniswap Founder Warns of Fake Ads as Victim Says Scam \u201cDrained Everything\u201d - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6886\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap Founder Warns of Fake Ads as Victim Says Scam \u201cDrained Everything\u201d\" \/>\n<meta property=\"og:description\" content=\"Hayden Adams warns that fraudulent search ads impersonating Uniswap continue to resurface despite years of reporting. A trader known as \u201cIka\u201d says a fake sponsored link led to the loss of his entire mid-six-figure crypto portfolio. January saw US$370.3 million (AU$522.12 million) stolen, with a major share linked to a single social engineering attack. 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