Uniswap scam alert Impersonation of executives and fake website created.

Hayden Adams, who created the Uniswap protocol and serves as CEO of Uniswap Labs, recently expressed surprise on Twitter about a scam in which individuals created a fake Uniswap website.

In a tweet, Adams indicated that he was stunned by the elaborate nature of the scam, noting that it required a significant amount of effort. He also revealed that the scammers had incorporated content from the Chinese community into their scheme and included links on their fake website that directed users to the legitimate Uniswap app.

To add an extra layer of credibility to their scheme, the scammers went to great lengths by organizing an hour-long Zoom recording featuring people pretending to be high-ranking executives from Uniswap. This orchestrated video presentation aimed to deceive viewers into believing the authenticity of the scam. After watching the video, Adams expressed his bewilderment, stating, “Video is nuts. No idea who any of those people are.”

To dispel any misconceptions, Adams made it clear that neither Uniswap nor the Uniswap Foundation had any association or involvement with the video or the individuals who appeared in it.

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

Adams and his team have been working to combat and mitigate the impact of the scam by taking down the domain used to create the forged website.

Related: Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

Twitter user Roland expressed his astonishment about the event described in Adams’ tweet. Despite living near Shenzhen, he claimed to be unfamiliar with such an event and speculated that it could have been organized discreetly due to the strict cryptocurrency regulations in China.

The People’s Bank of China banned crypto exchanges from operating in the country in 2018, claiming they encouraged public financing without approval. China has banned all cryptocurrency operations since September 2021.

Magazine: Chinese TV’s crypto ‘bull run’ report censored,