Binance CEO’s warns of phishing scams after Uniswap founder’s Twitter breach

Binance CEO Changpeng ‘CZ’ Zhao warned the cryptocurrency community to be careful of phishing and other social engineering scams in a July 21 tweet.

CZ shared a link to a report from February that stated that the data of around 500 million users of Whatsapp had been leaked on the internet. The leaked data include phone numbers of several users in countries such as the U.S., the U.K., Egypt, Italy, Saudi Arabia, and others.

When a user pointed out that the article was six months old, the Binance CEO explained that the leaked data was now beginning to circulate widely.

The executive advised the community to enable two-factor authentication with a hardware device on all cryptocurrency exchanges.

Uniswap founder regains access to breached Twitter account

CZ’s cautionary statement was in response to the recent hack of Uniswap (UNI) founder Hayden Adams’ Twitter account.

On July 20, malicious players took control of Adams’s account, falsely tweeting that the decentralized exchange was compromised while attaching a phishing link for users to revoke access to their wallets.

However, Uniswap’s official Twitter account immediately debunked the news of its compromise, alerting the community to Adams’ Twitter account hack. The protocol warned that it was not organizing any airdrop, giveaway, or bounty.

Scam Sniffers reported that the hackers of Adams’s account have been active since April and created over 23 phishing sites in the last few months. The attackers have stolen about $3.6m from around 358 victims.

It was unclear if any users were affected or misled by the fraudulent announcement.

Meanwhile, Adams recovered access to his account during today’s early hours and promised to provide more information about the incident later. Uniswap confirmed this development.

While community members are still speculating on how Adams’s account was compromised, the chief information security officer at Slow Mist, 23pds, linked the hack to a possible SIM swap attack.

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