Daily Crypto NewsEDITION #544, 12 July 2022

Uniswap: the case of seed phrases pleasures

Hey Moni Maker 🎹

Today, the whole world celebrates Flight Attendant's Day. Of course, flying on a plane is now commonplace for most. But what are you going to do if suddenly there is turbulence? What if you feel unwell? What if you suddenly feel a craving for whiskey? That's right - call a flight attendant. In the cryptocurrency market, it's the same: in a euphoric fit, you can forget about the people who will save you at the most crucial moment.

Let’s go! 

Good morning!!! This morning a lot of people might have thought Uniswap had been hacked. But it's not true. Let's get to the bottom of this. 

- Twitter started sounding the alarm that fake ERC-20 tokens were sent to 73,399 addresses to steal the funds of those they came to 

- 0xSisyphus noted that one Uniswap LP token holder might have been scammed of 16,140 ETH in this way

- Next, CZ from Binance sounded the alarm; someone hacked Uniswap, oh my god, oh my god! 

A disclaimer here. CZ had dinner with French President Emanuel Macron the day before, so he could be just sleepless/excited. We would like to mock, but that's ok.

- Uniswap team said that the protocol is fine, scammers just send phishing crap. 

- CZ apologized. And yes, it looks like they managed to steal over $4.7 million at the time of the post. But how the f@ck did that happen?! 

The Scheme is simple: Scam artists send out scam tokens like airdrop along with a phishing link ala uniswap.ass (looks like the original, but isn't) -> victims move to claim the tokens -> doodly-doodly, guys!  

Do not follow phishing links and ignore scam tokens sent to your address, plz.

P2E industry flagship Axie Infinity first died along with the whole market, but now it looks like it's changed its mind and is making a comeback!

New features, hopped up not too long ago like NFT-land staking, have breathed new life and brought interest back to the Axie carnage. According to CryptoSlam, Axie infinity has generated $1.3 million in sales from 23,100 customers in the last seven days, an increase of 205% in a week.

Also this month, the project launched the second phase of updates to its new game mode, dubbed Origin, which had 600,000 registrations as of mid-June. In short, Axi is doing well, waiting for the rest to catch up.

Burned tokens – Projects can burn tokens to take them out of circulation. By reducing their circulation, the price goes up. Deflation, the whole thing.

And more you can find in our Glossary!

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