The founder of Uniswap warned the community about the ENS wallet impersonation scam
Decentralized exchange (DEX) Uniswap founder Hayden Adams has warned the crypto community about a scam using wallet addresses as Ethereum Name Service (ENS) domains.
In the year On February 14, Adams shared a warning on X about scammers impersonating his Ethereum wallet. The executive explained that the fraudsters copy their wallet address and use it as an ENS wallet with .eth. Additionally, Uniswap's founder said that posting the wallet address on some user interfaces would show an ENS match unrelated to the real address as a top search result.
The scam is designed to confuse digital asset senders who mistakenly send their crypto to the wrong address instead of the right recipient. Adams recommends filtering user interface addresses to avoid any loss from the attack vector.
While the scam vector seems fairly new, Taylor Monahan, co-founder of Ethereum wallet manager MyCrypto, said in a post that a similar scam vector was used in the early days of the MyEtherWallet wallet service. Monahan added that at the time, they “broke” name registrations and resolutions starting with “0x.”
ENS founder and lead developer Nick Johnson also commented on the scam vector, saying interfaces should not autocomplete names. The developer advises that this is “extremely dangerous” and in their user experience guide.
Related: Crypto is full of fake scams, don't let them steal your money
Meanwhile, crypto investors have reported receiving emails from scammers impersonating major Web3 companies last month. On January 23, fraudsters launched a massive email campaign promoting fake airdrops, impersonating organizations like Cointelegraph, WalletConnect, Token Terminal and other crypto companies.
It was later confirmed that the phishing attack was caused by a security breach by email marketing firm MailerLite. On January 24, the organization confirmed that hackers had taken over Web3 accounts through a social engineering attack. Analytics platform Nansen Research Group estimates that the scammer's phishing campaign has generated nearly $3.3 million in revenue since its launch.
Magazine: Scam AI ‘Hack', $20K Robot Chef, Ackman's AI Slander War: AI Eye
