A phishing attack has hit a major liquidity pool provider Uniswap LP for roughly $3.5 million
A hacker, or group of hackers, executing a phishing campaign on a major Uniswap V3 liquidity pool (LP) has made off with roughly 3,278 Ether worth of NFT positions ($3,563,644).
Uniswap LP Hit With Phishing Attack Totaling $3.5M in Ether
Detected Monday by several users including Binance’s threat intelligence department, the hacker managed to impersonate Uniswap’s website and dupe the LP provider into signing malicious transactions.
Uniswap’s liquidity positions on its third iteration are represented as NFTs which enable users to utilize them as collateral to receive a loan paid out in stablecoins and blue-chip assets. All but 70 Ether ($76,900) have been laundered through the crypto mixing service Tornado Cash.
It appears the victim is part of a much wider attack that targeted roughly 73,399 addresses by sending a malicious token – acting under the false pretense of a UNI airdrop – in an attempt to get users to sign, according to MetaMask security analyst Harry Denley. The exact amount taken from the campaign is not yet known.
The website hosted by the bad actors then calls ethall() on document click.
The contents of this function is obfuscated, however we can assimilate that it does two things;
a) send your address and browser client info to /66312712367123.com
b) attempts to steal assets pic.twitter.com/81XDVGVn2E
— harry.eth 🦊💙 (whg.eth) (@sniko_) July 11, 2022
“A phishing attack that resulted in some liquidity pool NFTs being taken from individuals who approved malicious transactions,” Uniswap founder Hayden Adams later confirmed in a follow-up tweet. “Totally separate from the protocol. A good reminder to protect yourself from phishing and not click on malicious links.”
Connected with the @uniswap team. The protocol is safe.
The attack looks like from a phishing attack. Both teams responded quickly. All good. Sorry for the alarm.
Learn to protect yourself from phishing. Don’t click on links. 🙏 pic.twitter.com/FIXebz3iBC
— CZ 🔶 Binance (@cz_binance) July 11, 2022
The price of UNI, the protocol’s native token, is down more than 11% on the day, from $6.29 to $5.56, exchange data shows.
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