Uniswap quickly responded that that attacker didn’t breach the protocol security but rather conducted a phishing attack.
Victims falling to the malicious transactions reportedly lost some $8.1 million in total.
Earlier today, Ethereum-based decentralized exchange Uniswap came in news over the news surrounding a potential exploit of its protocol. Binance CEO Changpen Zhao was the first to report on a possible Read Full Article…
The past few weeks have brought a positive twist in the flow of events within the cryptocurrency market, especially for Uniswap. Lots of the crypto assets are gaining more value in their prices. This overturns after the severe crypto winter that puts lots of protocol at the edge. Most witnessed drastic price drops up to 50% since January 2022. The last chaos in the crypto space was better imagined than described. Additionally, the collapse of the algorithmic Terra stablecoin and its native token, LUNA, spiked the downward trend. Several investors lost millions of dollars, creating tension in the entire crypto industry. Some crypto service companies were thrown off balance as they struggled to be their ship afloat. Related Reading: This On-Chain Indicator Suggests Bitcoin Still Only 1/3rd Into Bear Market However, a few of them still went bankrupt with most of their depositors’ funds locked on their platforms. Some participants in the industry are beginning to lose confidence in digital assets as fear, uncertainty, and doubt gradually crept in. All seems to be going progressively well for Uniswap, as its native token, UNI, increases its price value. The strength of its price increase has put Uniswap in ranking by market cap among the top 15 cryptocurrencies. In addition, the Ethereum-based decentralized protocol has experienced a significant surge in value, reaching 150% over the past seven weeks. According to data from Santiment, an on-chain analytics firm, there has been an increased and substantial whale accumulation of the UNI tokens. This explains its recent price rally as well as the surging address activity. Santiment reported that the Uniswap daily active addresses have risen to over 1,100. With the presence of strong address activity on the network, the protocol has the potential to sustain the current price action. Uniswap Whale Addresses Push Positive Moves Uniswap whale addresses have shown a positive move since the crypto crash of May 2022. The addresses have accumulated vast amounts of UNI tokens ranging in massive percentages. In their performance, whale addresses containing up to 100 thousand to 1 million UNI tokens have undergone massive accumulation within the past two weeks. Also, Santiment noted that the level of transactions they deem to be prominent are those taking about $100,000 or more. It mentioned that such transactions are from the whales and moving back to those seen in May levels. Related Reading: Low Caps Like Uniglo (GLO) And Convex Finance (CVX) Likely To Make New Millionaires Alongside Bitcoin (BTC) So, it stated that all the recent significant transactions from the whales are noticeable. This is because such moves accumulated just in the past week before the price climbed to $9.69. Besides its price rally, Uniswap has increased its active average trader returns. It currently recorded over 22.5% in its 30-day MVRV. According to the report from Santiment, the current value is clearly above the danger zone. Despite Uniswap’s impressive price rally, Santiment has advised investors to tread with caution with the protocol. Featured image from Pexels, charts from TradingView.com
Attackers looted at least $4.7 million worth of Ethereum from cryptocurrency exchanges through a fraudulent token scam targeting liquidity providers (LPs) of the Uniswap v3 protocol (ETH). As of now, before an upcoming valid ad for a new coin is published, hackers trick people with similar-looking ads or listings where they can steal money without […]
Uniswap DEX has announced that it is blocking wallets that have been connected to illicit activities, including hacks and theft. The exchange is likely cleaning its slate, seeing as it has been previously accused of pump-and-dump schemes, among other misdeeds. Ethereum-based decentralized exchange (DEX) Uniswap (UNI) is preparing to block certain user wallets on its […]
Der Beitrag Uniswap blocks wallets linked to illegal activities erschien zuerst auf Crypto News Flash.
Uniswap is preparing to lock out a variety of wallets on its platform. Uniswap, the cryptocurrency exchange that runs on a decentralized network protocol, will be blocking wallets it considers to have been affiliated with illegal activities. Uniswap Users Might Lose Access To Wallets On its official website, in its frequently asked question section, Uniswap
The post Is Uniswap (UNI) In Trouble? Uniswap To Shut Down Compromised Wallets appeared first on CoinGape.
Google Ads used in crypto scams with $500K lost to attackers in the past few days according to research platform CPR. Unsuspecting persons are hoodwinked by fake crypto wallet sites where scammers gain full control of their accounts. Security outfit Check-Point Research (CPR) recently published a report showing Google Ads as a potential form of […]
Der Beitrag Scammers use Google Ads to drain $500K from crypto wallets in phishing scams erschien zuerst auf Crypto News Flash.
China’s recent crackdown pushes investors to decentralized exchanges (DEX), with Ethereum benefitting the most. Uniswap transaction volumes shoot 500%, dYdX transaction volumes up by 200%. It has been a fantastic beginning to the week as the crypto market has rebounded strongly putting aside the fears of China’s ban on crypto transactions. As of press time, […]
Der Beitrag Crypto market rebounds strongly putting aside fears of China ban, Ethereum Up 12% erschien zuerst auf Crypto News Flash.
The U.S SEC is investigating Uniswap Labs, the developers behind the largest decentralized finance platform. WSJ reports that the regulator is looking for information about Uniswap’s marketing and investor services, even as UNI token took a slight hit. The U.S Securities and Exchange Commission has launched an investigation into the largest decentralized finance platform in […]
Der Beitrag The SEC is investigating the King of DeFi, Uniswap erschien zuerst auf Crypto News Flash.
The xToken protocol and Alchemist Coin could become partner protocols for Uniswap V3. After Uniswap founder Hayden Adams retweeted “big eyes” on an xToken announcement, the XKT price more than quadrupled. Even though the hype around V3 has died down a bit lately after the official announcement was made a little over a week ago, […]
Der Beitrag Does Uniswap have two yet unknown altcoins as partners for V3? erschien zuerst auf Crypto News Flash.
A popular cryptocurrency analyst has revealed the 3 incoming airdrops that he believes investors must keep an eye on. The three – dYdX, Honey Badger and Sora Network – could be the biggest airdrops in history. Three upcoming airdrops will be the biggest in history, a popular cryptocurrency analyst and YouTuber has revealed. In a […]
Der Beitrag These 3 incoming Ethereum DeFi airdrops will be the biggest in history erschien zuerst auf Crypto News Flash.
Despite the sharp decline in UNI’s price, Uniswap is booming and now has nearly USD 2 billion in total value locked. According to some chart analysts, the Uniswap (UNI) price may have bottomed out, while a breach below $4.70 could mean further losses. Last week, the newly launched Uniswap token (UNI) was the undisputed star […]
Der Beitrag Uniswap (UNI) price falls to 5.20 USD – Threat of another sell-off or buying opportunity? erschien zuerst auf Crypto News Flash.
Since the launch of Uniswap’s Governance Token, the UNI price has increased by more than 300%. The largest exchanges in the market Binance, Coinbase and OKEx have added the UNI token to their portfolios. On Wednesday night, the Uniswap token officially launched on Ethereum mainnet and has since seen a rocket-like increase. In the short […]
Der Beitrag Uniswap (UNI) price explodes by 300% after Binance and Coinbase listing erschien zuerst auf Crypto News Flash.