Unfortunately, crypto industry sees a lot of fraudulent coins every day since the market of ICO has been rapidly growing and spreading since 2017, and there are hundreds of projects offering incredible solutions with minimal investments
The renewed crypto-scam sheme
Now fraudsters have gone even further, reports DeFi Prime platform,
“Beware of the Uniswap fraud!”
👇👇👇
- defiprime on 5th June 2020
It’s a scam!”
Currently fraudsters are using decentralization of platforms for selling fake tokens under titles of real blockchain projects that has not issued their assets yet.
While doing this, scammers consider the fact that assets’ management is open and accessible for all users. So it is enough to deal with some protocols in order to derive assets.
In practice the technique applied by fraudsters is to exploit the resources for creating listings of altcoins that do not exist.
One of such cases is Uniswap as one can easily design an Ethereum (ETH) token and add it to the independent register on this DEX.
