Monday, December 16, 2024
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
No Result
View All Result

Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang

sara by sara
July 8, 2023
in Press release
0
Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang

[ad_1]

Greater than $765,000 value of nonfungible tokens has been stolen as a part of a reported SIM swap assault on the GutterCatGang NFT challenge.

The safety breach was highlighted by a number of NFT neighborhood members at round 8 pm UTC on July 7, with GutterCatGang co-founder @GutterMitch tweeting out a warning that: “Our Twitter has been compromised please don’t work together with any hyperlinks.”

Alongside the official GutterCatGang account, co-founder @gutterric was additionally hacked.

The hacker, or hackers used the accounts to share hyperlinks to faux “restricted version” GutterCatGang NFT sneaker airdrops that primarily drained individuals’s sizzling wallets once they clicked on them.

In an effort to make the fictional hyperlinks look extra respectable, the tweets included current GutterCatGang branding and imagery from the challenge’s phygital sneaker drop in partnership with Puma and NBA/Charlotte Hornets star LaMelo Ball.

Responding to Gutter Mitch’s thread, prominent blockchain sleuth ZachXBT asserted that the staff was hacked by way of a  SIM swap attack, as he questioned the staff’s cyber security practices.

“Your staff higher have a look at a compensation plan for victims as it’s gross negligence to have used SMS 2FA in your socials after all the current SIM swaps,” ZachXBT stated.

Associated: $794K SIM swap hacker PlugwalkJoe sentenced to 5 years in prison

In a separate thread, ZachXBT highlighted two victims of the assault, with one shedding a Bored Ape Yacht Membership NFT value $65,913 at present ground costs, and another shedding a whopping $700,000 value of NFTs from a number of blue chip collections.

Offering an replace on the matter, GutterCatGang co-founder @gutterdan_ said: “We’re working with Twitter to regain entry to the compromised Gutter-affiliated Twitter accounts.”

“We deeply sympathize with all these impacted and wish to guarantee you that we’re taking this matter very severely and are working with legislation enforcement to research the hack and safety breach,” he wrote.

On the time of writing, it seems that the accounts are nonetheless compromised.

GutterCatGang was launched in mid-2021 and consists of 3000 distinctive NFT cartoon cat avatars. The present ground value sits at 0.5 Ether (ETH), up virtually 615% from the preliminary value to mint, in accordance with NFT Value Flooring.

Journal: NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s