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HomeCrypto NewsMarketFake Cardano-Based SundaeSwap Exchange Floods the Internet

Fake Cardano-Based SundaeSwap Exchange Floods the Internet

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Scammers are always ready to fake anything that gets community attention.



Scammers are not relenting in their quest to steal from unsuspecting victims. A Redditor with the username u/crackforchildren has drawn the public’s attention to different fake websites that are impersonating Cardano-based SundaeSwap decentralized exchange. 

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According to the Redditor, while he was trying to access the SundaeSwap exchange, he searched “SundaeSwap” using Google search engine. 

However, the first two results that came up were links to two malicious websites, https://sundae-swop.com and https://sundae-swep.com, that are impersonating the actual SundaeSwap exchange. 

fake sundaeswap websites

These malicious websites are designed to steal funds from unsuspecting victims when connecting their wallets. 

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Unfortunately, most Cardano users who do not have a direct link to the first decentralized exchange may be tricked into believing that the links are legit and may proceed to invest their funds on the platform, which would definitely result in a loss. 

It is worth noting that the correct link to the website is https://sundaeswap.finance

Recall that SundaeSwap was the first decentralized exchange launched on Cardano, following the support of smart contract functionality. 

Since it launched last month, it has recorded an increased user activity in the previous month, as a recent report suggested that SundaeSwap has hit $116.04 million in total value locked (TVL). 

Also, Cardano Total Value Locked (TVL) Surges Nearly 6,000% in 1 Month.

 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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