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Scammers promote fake Uniswap L2 on Google amid Unichain hype

Google mistakenly promoted a fake version of the Unichain website that spammed users with requests to drain their wallets.

As the buzz around crypto exchange Uniswap’s new Ethereum layer 2 builds, scammers have decided to take advantage of the situation to promote a fake website on Google that claims to promote the network.

The website, originally located at unlchalindefi[.]com, claimed to be the official site for Uniswap’s Unichain network. But in reality, it did not offer a new network with user-friendly apps.

Instead, it stole all of the user’s cryptocurrency and transferred it to the site’s developers, who were not affiliated with Uniswap at all, according to warnings presented in the Web3 wallet MetaMask.

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Trump’s World Liberty Financial Token Sale Kicks Off: 644M Tokens Sold

Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report

Uniswap Labs and UNI tokenholders will benefit the most from Unichain, while ETH holders will likely see the biggest loss, says DeFi Report founder Michael Nadeau.

Uniswap’s new layer 2 blockchain Unichain could be a boon for creator Uniswap Labs and holders of the project’s token, potentially earning them close to $500 million a year from fees that would’ve otherwise been paid to the Ethereum network. 

Unichain’s launch would see $368 million previously paid to Ethereum validators in the last year put directly into the hands of Uniswap Labs and likely Uniswap (UNI) tokenholders, DeFi Report founder Michael Nadeau said In an Oct. 13 X post.

Uniswap Labs would also be able to capture all Maximum Extractable Value (MEV) on Unchain because it owns all of the validators on the network, instead of allowing Ethereum validators to scalp MEV, he added.

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Trump’s World Liberty Financial Token Sale Kicks Off: 644M Tokens Sold