- A Gigachad token investor lost $6.09 million due to a phishing link that appeared as a Zoom meeting invite, resulting in malware installation and wallet theft.
- A hacker stole 95.3 million GIGA tokens, converting them swiftly to Solana and stablecoins such as Tether and USD Coin, with some transferred to the KuCoin exchange.
- The victim reported the theft to the FBI and hired a forensics team to help track and recover the lost funds.
On Monday, a Gigachad (GIGA) investor lost $6.09 million due to a phishing attack involving a fake Zoom link. Crypto investigation firm Scam Sniffer declared the scam that led the victim to a malicious site, compromising their wallet. According to the investor, the FBI and a forensics team are working to recover the funds.
A leading GIGA investor, identified as Still in the Game on X, has issued an urgent alert regarding a suspected hack.
Just want to be transparent - the massive sell on $GIGA today was due to one of my wallets being drained by a fake zoom link
— Still in the Game (@stigstigstig_) November 11, 2024
This hurts bad but I will be back. I will always stay in the game
Please be careful out there and never click any links from those you don’t know…
Scam Sniffer reports that the attack started when the victim clicked a fake Zoom invitation link, redirecting to a malicious website that was created to capture sensitive wallet details.
WARNING: Beware of fake Zoom malware!
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) November 12, 2024
A $GIGA holder lost millions!
Compare carefully:
us04-zoom[.]us ❌
us02web.zoom[.]us ✅
They look similar, right? That's the trap! pic.twitter.com/RWMur5MM7V
Hacker converts stolen GIGA tokens
The phishing site installed malware on the victim's laptop, allowing the hacker to drain funds from three crypto wallets and consolidate them before cashing out.
On-chain analytics firm Onchain Lens reports that a hacker stole 95.3 million GIGA tokens from a victim, valued at approximately $6.09 million. The hacker exchanged the stolen GIGA tokens for 11,759 Solana, worth about $2.1 million, then converted the assets into Tether and USD stablecoins.
A scammer drained 3 wallets holding $GIGA, causing a massive sell-off and a significant sell wick.
— Onchain Lens (@OnchainLens) November 12, 2024
The scammer stole 95.27M $GIGA, valued at $6.09M before the sell-off, and sold it for 11,759 $SOL, worth $2.1M.
Later, the scammer converted $SOL into $USDC and $USDT and… https://t.co/vuDVDINdua pic.twitter.com/8BkQ31RVzv
Stablecoins were transferred to a separate wallet, and an additional 700 SOL tokens were moved to the cryptocurrency exchange KuCoin. The victim stated that the FBI and a specialized forensics team are assisting in recovering the stolen funds.
The investor remains hopeful about recovering losses through gains in the current bull market despite uncertain recovery chances.
GIGA Price Analysis
Gigachad's price extends the recent decline and trades around $0.0515 at the time of writing on Tuesday, losing over 6% value in the day. GIGA was recovering on Monday, up to a high of 0.0678 before the investor’s wallet was drained by the scammer.
Source: GIGA 4-hour chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Polygon joins forces with WSPN to expand stablecoin adoption
WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.
Coinbase envisages listing of more meme coins amid regulatory optimism
Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B
As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.