After the rise in popularity of decentralized finance (DeFi) projects, a lot of fraudulent tokens appeared on the Uniswap exchange.
In recent days, tokens with names reminiscent of well-known projects have begun to appear on the Uniswap platform, designed for decentralized trading of ERC-20 tokens. Similar tokens are created for the projects Curve Finance, 1inchExchange, Tornado.Cash and dYdX. For example, DYDX tokens clearly hint at a connection with the popular dYdX protocol, but they have nothing to do with it.
The situation is similar with the Opium decentralized derivatives project - the Opium token with the OPM ticker appeared on Uniswap, although the project does not have its own token. The TC token was disguised as the Tornado.Cash project, and Curve Finance announced that it had not yet issued its token, but an asset with that name was already being traded on Uniswap.
The problem is the ease of adding new tokens to the Uniswap platform - you just need to make a request to GitHub. Users are asking the site to tighten requirements for adding tokens.
Note that Uniswap has become noticeably more popular after the upgrade. Now the site is used by about 92,000 users. The new version of the protocol adds support for trading pairs of ERC-20 tokens, price oracles more resistant to manipulation and instant exchanges.
