[Losses from Crypto Fraud in January Reach $370 Million, Setting a New 11-Month High] BlockBeats reported on February 22 that Uniswap founder Hayden Adams warned about persistent search engine ads impersonating Uniswap, which have caused users to lose all their high-value crypto assets. Scammers purchase keywords like 'Uniswap' for ads, placing fake websites at the top of search results. These sites are designed to closely resemble the official platform, and once users connect their wallets and authorize transactions, their funds can be immediately stolen. This type of attack relies on user signature authorization rather than protocol-level vulnerabilities. An X platform user named 'Ika' stated that after clicking on a fake link in the search results, they lost hundreds of thousands of dollars worth of crypto wallet assets. Screenshots shared by the user show that the fake link appeared at the top of the search results and was highly deceptive. Similar incidents also occurred in October 2024, where scammers replicated the Uniswap website interface and made subtle button changes to trick users into connecting their wallets. According to data from security firm CertiK, the crypto industry lost approximately $370.3 million to exploits and scams in January 2026, marking the highest monthly loss in 11 months and nearly four times the amount lost in January 2025. Among these, single social engineering attack cases accounted for approximately $284 million in losses. A total of 40 related security incidents were recorded in January. Analysts pointed out that current crypto asset losses are increasingly stemming from phishing links, fake ads, and social engineering attacks—risks at the user level—rather than vulnerabilities in underlying smart contracts. As the DeFi ecosystem expands, brand impersonation and interface fraud are becoming significant threats to user trust.