Fake Executives, IRL Events, and Zoom Calls – Crypto News – Crypto News
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Fake Executives, IRL Events, and Zoom Calls Fake Executives, IRL Events, and Zoom Calls

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Fake Executives, IRL Events, and Zoom Calls – Crypto News

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3 years ago

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Hayden Adams, the inventor of the Uniswap protocol, recently took to Twitter to express his astonishment at a scam that involved the creation of a fraudulent version of the Uniswap website. In a tweet, Adams stated,Some next level effort went into this scam, He further revealed that the scammers had incorporated Chinese community content and added links to the authentic Uniswap app on their forged website.

UniSwap Under Scammers

To make matters even more convincing, the scammers organized an hour-long Zoom recording featuring individuals posing as executives from Uniswap. Adams commented on this aspect, saying,

“Video is nuts. No idea who any of those people are.

He clarified that neither Uniswap nor the Foundation had any association with the video or the individuals involved.

Crypto Twitter speculated that the scam might revolve around a video showcasing people in Shenzhen, China promoting $UNI, the native cryptocurrency of Uniswap. The video reportedly bore titles such as “The first Uniswap Asian Summit” and “Guest: CEO of Uniswap.”

Speculations About The Scam

Hayden Adams and team have been working diligently to address this fraudulent activity. They are currently in the process of taking down the domain used for the forged website.

Roland, a user named @thegrasscrown, expressed his surprise at the event mentioned in Hayden Adams’ tweet, stating that he had never heard of such an event despite living just an hour away from Shenzhen. He speculated that the event might have been promoted underground due to the strict regulations surrounding cryptocurrency in China.

The People’s Bank of China (PBOC) prohibited crypto exchanges from operating in the country in 2013, claiming they encouraged public financing without approval. China has banned all cryptocurrency operations since September 2021.

Read more about crypto regulation in China,

The Uniswap Protocol $UNI is the most used protocol on Ethereum. They shared that it has processed over $1.5 trillion transactions, making it the world’s largest onchain trading protocol.

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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