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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. 
Tether Rushes to the Rescue
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 
S&P Solutions Accused of Money Laundering Through Crypto ATMs
The Cuyahoga County Prosecutor's Office, in cooperation with the U.S. Secret Service (USSS), filed charges against S&P Solutions and three of its employees for operating crypto ATMs without a proper license, conspiring to launder money, and engaging in corrupt activities. AI-Generated CEO Scams: Taking Crypto Fraud to the Next Level?
Crypto scam projects are getting more creative by the day. California's financial regulator has accused two firms of devising elaborate fraudulent schemes, complete with actors and AI to impersonate CEOs – talk about commitment to the con! Desist orders were issued against companies like Harvest Keeper, Visque Capital, and Maxpread Technologies. 
Scam Alert: BALD Project Revealed as a Rug Pull Scheme
The team behind the largest token on the Base blockchain, Bald, has withdrawn a substantial amount of liquidity from LeetSwap, removing 7,000 ETH and 142 million BALD tokens in a significant transaction.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. 
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. 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. CFTC Aims to Tackle Anonymity on the Crypto Market
During her presentation in London, CFTC Chairperson Christy Goldsmith Romero called for broader oversight of anonymity in the cryptocurrency market, bolstering security measures for DeFi applications, and safeguarding client assets on centralized exchanges. 