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Market News

Scammers Clone Blockworks, Etherscan Website To Drain Crypto

Attackers tried to spread fake news about the Uniswap approval exploit and persuade users to visit the fake Etherscan website.

Written By Gopal Solanky Gopal Solanky
Published 2023-10-27·Updated 2 years ago
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Cloned Blockworks and Etherscan websites were used to spread fake Uniswap news and persuade users in an attempt to drain their wallets.

Crypto scammers always surprise people with their flabbergasting tricks to drain user wallets. 

In the latest case, the not-so-ordinary scammers cloned popular crypto media company Blockwork’s website to spread fake news and profit out of it with a wallet drained. 

Blockworks clone website
Blockworks clone website

The fake Blockworks website displayed false breaking news of multimillion dollar “approvals exploit” on Uniswap and encouraged users to visit Etherscan to rescind approvals. 

The Etherscan website was, however, also a phishing site that was set up to drain funds from wallets as soon as users interacted. The drainer smart-contract was designed to attack wallets with at least 0.1 Ethereum (ETH), but luckily it has not executed even once due to an incorrect setup. 

Scammers shared the fake Uniswap news on Reddit via several crypto related subreddits to persuade users. 

Fake Uniswap news - Reddit 
Fake Uniswap news – Reddit 

Both websites were registered just a couple of days ago and are currently being taken down.

Also Read: FTX Users Targeted In Deceptive Withdrawal Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter for Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal also hosts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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