Fake Uniswap Google Ads Drain at Least $400K from Users!

Scammers running fake Google ads impersonating Uniswap have stolen at least $400,000 from unsuspecting users, according to on-chain analyst b-block. The attackers created sponsored search ads pointing to fraudulent Uniswap lookalike sites, tricking users into connecting wallets or entering credentials that drained their funds.

Stacy Muur, founder of Web3 marketing agency Green Dots, confirmed the losses originated from users clicking those sponsored results — a vector that's easy to miss when Google's ad placement puts fake sites above the legitimate protocol in search rankings.

Security Alliance (SEAL) flagged the broader trend earlier: Google Search phishing campaigns have risen sharply since March, with attackers either buying fresh ad slots or hijacking legitimate ad accounts to impersonate high-traffic DeFi protocols.