Scammers Profit at Least $400,000 Through Fake Uniswap Ads on Google

On May 26, according to Cointelegraph, scammers have caused at least $400,000 in losses by using Google Search to run malicious phishing ads impersonating Uniswap. On-chain analyst b-block pointed out on X that fake Uniswap websites are stealing funds from multiple wallets. Stacy Muur, founder of Web3 marketing agency Green Dots, stated that Google has ignored this issue for years, with paid fake ads consistently ranking above legitimate search results. The security alliance SEAL reported a significant increase in phishing activities on Google Search in March, with attackers running ads impersonating crypto protocols by bidding or compromising legitimate ad accounts. SEAL has intercepted over 356 malicious ad links, and this activity has been ongoing for over a year without slowing down.