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On August 30, Judge Katherine Polk Failla delivered a significant ruling on a case brought forth by Uniswap users who alleged they lost funds due to scam tokens on the platform. She stated that ETH and Bitcoin qualify as crypto commodities, a pivotal factor in her decision to close the Uniswap case.J udge was not persuaded by arguments suggesting Uniswap token sales were subject to the Exchange Act. Failla is also the judge overseeing the SEC’s case against Coinbase. 
The country intention to seek a court-ordered shutdown of Facebook unless the social media giant takes decisive action to address alleged investment and cryptocurrency scam advertisements on its platform. According to the Ministry of Digital Economy and Society, over 200,000 individuals fell victim to deceptive Facebook ads. The ministry highlighted that common tactics employed by scammers included crypto investment and trading schemes, often featuring images of celebrities and prominent financial figures, and promising daily returns of up to 30%. The ministry is in the process of gathering evidence regarding these scam advertisements, with their number estimated to be over 5,300. 
The BALD project’s scammer team managed to relocate 7000 ETH ($13 million) from Base network into Ethereum.
Not stopping there, they sent 2100 ETH (around $4 million) to the Kraken exchange, possibly gearing up for a grand withdrawal.
Want the full story on this crafty meme coin scam? Read all about it in our detailed article! 
The team behind the largest token on the Base blockchain, Bald, has withdrawn a substantial amount of liquidity from LeetSwap, removing 7,000 ETH and 142 million BALD tokens in a significant transaction.
The price of BALD has plummeted to as low as $0.015, experiencing a decline of over 84%.
In the past few days, BALD had seen a gain of over 30,000%, even without having an official website or active presence on social media. 
What is the "Red Pill Attack"?
ZenGo, a cryptocurrency wallet team, recently discovered a vulnerability within the Web3 transaction simulation of various popular asset storage solutions. The issue was promptly addressed by developers, with a comprehensive report on the matter published shortly after. Next-Level Scam: Impersonators Take on Uniswap Executives
In a shocking turn of events, Hayden Adams, the creator of Uniswap, took to Twitter to express his disbelief at an audacious scam that targeted the platform. The scammers behind this elaborate scheme not only devised a deceptive Uniswap website but also went the extra mile by organizing a meticulously planned hour-long Zoom call, complete with deepfake versions of their own employees. 
AI-Powered Botnets Dupe Crypto Users on X
ChatGPT, known for its diverse technological solutions spanning web search, content creation, office efficiency, and education, has taken a dark turn. This seemingly harmless AI chatbot is now being manipulated by fraudsters on social networks to promote crypto scams. 
Between mid-July and Base’s public introduction in August, more than 500 scam tokens, like BASEPEPE (BPEPE) and Baby Yoda (YODA), were deployed on the blockchain, as reported by Solidus Labs,
Around 300 of these tokens enabled their creators to generate an unlimited number of coins, unbeknownst to Base users, significantly impacting the tokens’ values.
Moreover, about 60 tokens prevented buyers from reselling them on exchanges.
The scam tokens collectively generated approximately $3.7 million in trading volume and yielded around $2 million in profits, according to Solidus. 
A user fell victim to a 'Zero Transfer Phishing' scam, losing $20 million USDT. These malicious parties imitated a few characters in the wallet address to deceive the unsuspecting victim. Fortunately, Tether reacted swiftly and froze the assets in just 50 minutes.Always stay vigilant when copying wallet addresses from transaction records.Scammers create custom smart contracts to generate look-alike addresses and dupe potential victims.
Correct Address: 0xa7B4BAC8f0f9692e56750aEFB5f6cB5516E90570
Phishing Address: 0xa7Bf48749D2E4aA29e3209879956b9bAa9E90570 
Bankrupt Crypto Firms: Can Funds Be Recovered?
The lingering question of refunding after a crypto company's bankruptcy goes back to the infamous Mt.Gox case, which has yet to make any repayments. However, other case studies help provide a clearer understanding of what users might anticipate in similar scenarios.