Bad actors have stolen over $400,000 from crypto users by deploying phishing scams through Google search ads, with the latest incident targeting users of the decentralized exchange Uniswap.
Analysts at B-block warned users on X that scammers are running a fake website modeled after Uniswap to defraud visitors. At the time of the warning, wallets associated with the scheme held over $400,000 in stolen crypto. Both addresses used in the drain initially held 146 ETH, according to Etherscan data.
The attack follows a familiar pattern: bad actors build fake websites mimicking legitimate crypto projects, then purchase sponsored search ads to push those sites above genuine results. Unsuspecting users click the ad, interact with the site, and lose funds within minutes.
Green Dots founder Stacy Muur called out Google directly over the incident: “Two scammers have already stolen ~$400,000 from users through a phishing @Uniswap ad on Google. It’s insane that Google has ignored this issue for years while fake links keep getting pushed above real ones and users keep getting drained. This is the first result that popped out to me today. Always double-check links through official X accounts or DeFiLlama before connecting your wallet.”
The Uniswap incident is part of a broader pattern of crypto phishing attacks this year. In February, scammers impersonated hardware wallet firms Trezor and Ledger in a widespread email scam, prompting users to hand over sensitive account details. Last year, two UK hackers operated fake crypto websites that drained over $2 million from victims.
Blockchain security experts continue to urge users to verify links through official project channels before connecting wallets or entering login credentials.
Source: Fake Uniswap Google Ad Drains $400K in Crypto From Unsuspecting Users