Uniswap CEO Hayden Adams criticizes ongoing fraud

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  • Adams tweeted that he was shocked by the extent of complexity of the hoax.
  • The CEO clarified that the Uniswap Basis and Uniswap are unrelated.

Uniswap Labs CEO and Protocol Developer Hayden Adams Just lately, he took to Twitter to precise his dismay on the existence of the faux Uniswap web site. Adams was shocked by the extent of complexity of the hoax and tweeted about the time and effort put into its creation. He went on to say that the scammers have been additionally utilizing Chinese language content material. And his faux web site has a hyperlink to his actual Uniswap app.

Moreover, the crooks pretended to be senior Uniswap officers and made each effort to make their proposal seem credible. Together with recording your self on Zoom for an hour of him. This clip was rigorously crafted to provide the impression that the rip-off truly occurred.

attempt to cut back the impression

Adams additionally clarified that the Uniswap Basis and Uniswap don’t have anything to do with the movie in query or its subject material. Regardless of widespread misconceptions on the contrary.

Twitter customers have speculated {that a} video of individuals within the Chinese language metropolis of Shenzhen selling a enterprise named “Uniswap” could also be faux. The tags of the video file have been “1st Uniswap Asia Summit” and “Visitor: Uniswap CEO”.

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Moreover, Adams and his crew have labored arduous to discourage fraud and mitigate its impression. Faux web sites are countered by efforts to disable the domains they create.

Moreover, on Thursday, a shocking majority of the Uniswap group voted in opposition to the introduction of charges for Liquidity Suppliers (LPs) within the protocol. Over 45% of him in the neighborhood selected “no charges” and 42% supported charging LP his 20% of the funds generated by his Uniswap V3 pool.

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