UNI users under risk from fake ETH/ARB pool: Are your holdings safe?
Though Arbitrum [ARB] has finally been AirDropped successfully, the initial hype has already led to some risk for Uniswap [UNI] users. A fake ETH/ARB pool has already been created, and was out to get unsuspecting users.
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Initial reports revealed that the fake ETH/ARB had over 95 million fake ARB and over 400 WETH on Uniswap V3 at press time. The pool ranked on top, making the situation worse as far as risk exposure was concerned. Uniswap users trying to access ARB can avoid this scam by confirming the official contract addresses for ARB through the Arbitrum foundation’s official documents.
<p lang=«en» dir=«ltr» xml:lang=«en»>When searching for ARB directly on Uniswap, the fake ETH/ARB Pool is at the top. 0x64…9545 added a fake ETH/ARB Pool consisting of 400 WETH and more than 95 million fake ARBs on Arbitrum Uniswap V3. Users need to pay attention. H/T @levels_crypto— Wu Blockchain (@WuBlockchain) March 23, 2023
The risk is only on the ETH/ARB pool, as far as initial reports are concerned. The scam incident was limited to the aforementioned pool; hence it would not affect all Uniswap users. On the plus side of things, Uniswap joined the list of the top 10 tokens by trading volume among the 500 largest Ethereum [ETH] whales.
<p lang=«en» dir=«ltr» xml:lang=«en»>JUST IN: $UNI @Uniswap now on top 10 by trading volume among 500 biggest #ETH whales in the last 24hrs Read more on ambcrypto.com
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