Phishing attacks using fake Uniswap Google ads have stolen at least $400,000.

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According to a report by Cointelegraph on May TechFlow, phishing ads impersonating the decentralized exchange protocol Uniswap have appeared in Google searches, allowing attackers to profit at least $400,000. On-chain analyst bb stated that the fake websites are transferring funds from multiple wallets, with the affected addresses currently holding a total of 146 ETH, worth approximately $306,000 at the time of writing.

The Security Alliance (SEAL) stated that these fake Google ads are a common source of phishing attacks, where attackers impersonate popular crypto protocols in search results by paying for placements or hacking into legitimate advertising accounts. SEAL also indicated that such attacks caused $1.27 million in losses between March 13 and 30.

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