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Cryptoknowmics 2022-07-12 06:26:19

Binance CEO Reports a Potential Exploit on Uniswap V3

Binance CEO Changpeng Zhao reported a potential exploit on Uniswap V3, a noncustodial automated market maker implemented for the Ethereum Virtual Machine. Zhao believes this could be a phishing attack and not a flaw within the smart contracts. CZ Alerts of a Potential Phishing Attack on Uniswap V3 A few hours ago, the CEO of Binance, Changpeng Zhao alerted the community of a potential exploit on UniswapV3 on the ETH blockchain. Attaching the link of an Etherscan address, Zhao revealed that the hacker, so far, has stolen 4,295 Ether or $4.7 million, at the time of writing. The stolen ETH were being laundered through Tornado Cash, a cryptocurrency mixer, which makes it difficult to identify the perpetrator. Our threat intel detected a potential exploit on Uniswap V3 on the ETH blockchain. The hacker has stolen 4295 ETH so far, and they are being laundered through Tornado Cash. Can someone notify @Uniswap? We can help. Thanks — CZ 🔶 Binance (@cz_binance) July 11, 2022 Shortly after Zhao’s initial tweet, he tweeted a screenshot of a conversation with the Uniswap team. The team notified him that they believe it was not an issue with the protocol’s code, but rather a phishing attack that resulted in the theft of a Uniswap V3. Reportedly, Uniswap’s smart contract is safe. “We have looked into it and believe it is not an issue with the protocol but rather a phishing attack that resulted in the theft of a Uniswa...

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