Cryptocurrency

Over $765K price of NFTs stolen after SIM swap assault on GutterCatGang

July 8, 2023
2 minutes read

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

The safety breach was highlighted by a number of NFT group 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 pretend “restricted version” GutterCatGang NFT sneaker airdrops that primarily drained individuals’s scorching wallets after they clicked on them.

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

Responding to Gutter Mitch’s thread, outstanding blockchain sleuth ZachXBT asserted that the crew was hacked through a  SIM swap assault, as he questioned the crew’s cyber safety practices.

“Your crew 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 mentioned.

Associated: $794K SIM swap hacker PlugwalkJoe sentenced to five years in jail

In a separate thread, ZachXBT highlighted two victims of the assault, with one dropping a Bored Ape Yacht Membership NFT price $65,913 at present flooring costs, and another dropping a whopping $700,000 price of NFTs from a bunch 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 need to guarantee you that we’re taking this matter very critically and are working with regulation 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 flooring value sits at 0.5 Ether (ETH), up nearly 615% from the preliminary value to mint, in accordance with NFT Value Flooring.

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