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Fake Uniswap Ads on Google Search Helped Scammers Steal at Least $400,000

Fake Uniswap Ads on Google Search Helped Scammers Steal at Least $400,000

According to Cryptopolitan and SEAL, fake Google ads impersonating Uniswap have drained users’ wallets, while the incident also coincides with new Uniswap DAO voting on protocol fee expansion across additional chains.

ETH
BNB
UNI

Fact Check
The originator named in the claim, on-chain analyst b-block (@b_block_oficial), published the alert on 2026-05-25 identifying fake Uniswap sites and ~$400,000 drained, with two scammer addresses provided. The story was amplified by Stacy Muur and corroborated by Cointelegraph, Crypto Briefing, and crypto.news, all citing the same $400,000+ figure and Google-ads vector. This confirms search-based phishing as an active threat to Uniswap users, matching the claim verbatim.
Summary

Fake Uniswap ads promoted through Google Search helped scammers steal more than $400,000 by placing phishing sites above the real platform, according to Cryptopolitan. The report says users who clicked near-clone Uniswap pages, connected wallets, and approved a single transaction had their funds drained through malicious contracts. It adds that scammers used credible-looking domains, including sites.google.com subdomains, and allegedly bypassed Google ad checks by showing a valid URL in the ad preview while loading malicious content through a hidden iframe. According to blockchain data cited in the report, two addresses held 146 ETH worth about $306,000 at the time of reporting. SEAL said Google phishing attacks with duplicate ads surged from March 13 to March 30, 2026, with more than 356 malicious URLs blocked and total losses of $1.27 million. Separately, Uniswap’s DAO launched Proposal 96 to expand UNIfication protocol fee collection and UNI burning to BNB Chain, Polygon, and Celo through an on-chain vote.

Terms & Concepts
  • Uniswap: A decentralized exchange protocol that allows users to swap crypto tokens directly from their wallets using smart contracts.
  • DeFi: Short for decentralized finance, a blockchain-based ecosystem of financial applications that operate without traditional intermediaries.
  • UNI: Uniswap’s native governance token, used in protocol decision-making and referenced in the proposal to burn tokens from collected protocol fees.