Fake Uniswap Ads on Google Scammed $400,000

Fraudsters have successfully exploited Google Ads to mimic the Uniswap decentralized exchange interface, leading to significant cryptocurrency theft. Reports indicate that these malicious ads have resulted in losses exceeding $400,000.

Alert to the community:

An imitation of the Uniswap platform is siphoning funds from users’ wallets.

Scammers currently control approximately $400,000.

Wallets involved: 0x37925684BA178821b4436E06e67f5dBD6cfA49Bb, 0x2fC25F46cC49D226eF92E9A7665f3d2821F3c5E2.

Always use verified links.

— b-block (@b_block_oficial) May 25, 2026

The fraudulent website reportedly diverted users to a clone site that drained their cryptocurrency upon connecting. At the time of the report, the two linked wallets held around 146 ETH, valued at approximately $306,000.

Researcher Stacy Muur highlighted the persistent issue of phishing ads, which often rank higher than official project links in search results. “It’s outrageous that Google has overlooked this problem for years,” Muur stated, emphasizing the risk to users as they continue to be targeted.

Over the last few weeks, two scammers have managed to steal nearly $400,000 via a phishing ad disguised as a @Uniswap link on Google.

The first result was deceptive, allowing fraudulent access.

— Stacy Muur (@stacy_muur) May 25, 2026

According to DeFi research organization DeFiLlama, these Google ad scams are a prevalent threat in decentralized finance. Meanwhile, the Security Alliance (SEAL) reported a notable increase in such scams, blocking over 356 malicious ad links in just two weeks, resulting in total losses around $1.27 million. This is indicative of the sophisticated methods employed by scammers, who often utilize legitimate-looking URLs while executing harmful code via hidden frames to evade detection.

This incident highlights ongoing issues in the sector, reminiscent of past scams, such as the fake Ledger Live app that led to a $9.5 million cryptocurrency theft in April.