Cryptocurrency users who trade on the popular decentralized exchange Uniswap have been warned to be wary of an ongoing phishing scam. According to cybersecurity company PeckShield, a fraudulent account is attempting to lure Uniswap users with false information about an exploit in the Permit2 Contract.

The phishing account, known as pocketuniversez, is claiming that a bug in the Contract makes Uniswap users' coins unsafe, before prompting them to revoke their current permissions and approvals on the platform Revoke Cash. PeckShield quickly took to Twitter and other social media to alert users of the scam, and to remind them of the scam's tactics to entice users with false information.

The most notable aspect of the scam is how professional it looks, with the fraudsters choosing to adopt the same username as a popular platform. It is so similar in fact, that even experts may have difficulty discerning the difference between the two accounts.

To remain safe, it is imperative for users to verify the authenticity of accounts and the information before taking any action. Users should also remember to check the Twitter handles to see if they contain a typo or incorrect spelling. Furthermore, the real and legitimate Pocket Universe account, @PocketUniverseZ, offers an extension that can protect users from scams.

Most importantly, users must ensure that they are trading on the genuine Uniswap platform, by going to the official website or visiting their app. By doing this they can easily ensure that they are not mistakenly trading on a fake website, and giving away their funds unknowingly.

In conclusion, cryptocurrency users must always stay vigilant when trading on the Uniswap decentralized exchange, as increasingly professional phishing scams continue to become more common. To avoid falling victim, users must make sure to check for verification badges, links, and sources of information before clicking any links. Additionally, users should never trust any unofficial links or accounts, as this could lead to them losing money to phishing scammers.



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