Scammers on the Uniswap platform have created 186 fraudulent tokens within the past two months, falsely representing 2,657 addresses for exchange
Scammers have managed to generate a substantial number of illegitimate tokens on Uniswap over the past two months by using sophisticated methods. They have ensnared unsuspecting users in their fraudulent schemes by pretending to be legitimate address holders.
When engaging in token exchanges, it’s crucial for market participants to maintain vigilance as scam activities increase. Research and verification of the authenticity of tokens and addresses involved to protect users against potential losses must be extensively done by them. To raise awareness and combat the growing threat from scammers, the crypto community must work together.
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