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Over $765,000 worth of NFTs were stolen following a SIM swap attack on GutterCatGang

Published on

July 8, 2023
Read Time:2 Minute, 32 Second

Greater than $765,000 value of non-fungible tokens have been stolen in a reported SIM-swap assault on the GutterCatGang NFT venture.

The vulnerability was highlighted by a number of NFT neighborhood members round 20:00 UTC on July seventh GutterCatGang co-founder @GutterMitch tweeted a warning: "Our twitter has been compromised, please don't work together with any hyperlinks."

Our Twitter has been compromised. Please don't work together with the hyperlinks

— Gutter Mitch (@GutterMitch) July 7, 2023

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

The hacker(s) used the accounts to share hyperlinks to faux GutterCatGang NFT "restricted version" sneaker airdrops, which basically emptied folks's scorching wallets once they clicked on them.

To make the fictional hyperlinks seem extra legit, the tweets included current GutterCatGang branding and pictures of the venture's phygital sneaker drop in collaboration with Puma and NBA/Charlotte Hornets star LaMelo Ball.

GutterCatGang's Twitter account was compromised. Please don't work together with it. #GutterCatGang @gutterdan_ @GutterCatGang —-> ⚠️⛔️ pic.twitter.com/tBu9fwBI7m

— Burden © (@0x_burden) July 7, 2023

In response to Gutter Mitch's thread, well-known blockchain knowledgeable ZachXBT claimed that the crew was hacked by way of a SIM swap assault and questioned the crew's cybersecurity practices.

"Your crew had higher take a look at a compensation plan for the victims as utilizing SMS 2FA in your social networks after all of the current SIM swaps is gross negligence," ZachXBT mentioned.

Associated: $794,000 SIM swap hacker PlugwalkJoe has been sentenced to 5 years in jail

In a separate thread, ZachXBT highlighted two victims of the assault, one in all whom misplaced a $65,913 Bored Ape Yacht Membership NFT on the present reserve worth, and other The lack of a whopping $700,000 value of NFTs from a wide range of blue chip collections.

Another person simply misplaced $700k in belongings (just a few BAYCs, MAYC, Doodles, BAKCs, and many others.) pic.twitter.com/noNvkqkw9U

— ZachXBT (@zachxbt) July 7, 2023

GutterCatGang co-founder @gutterdan_ supplied an replace on the matter, stating, "We're working with Twitter to regain entry to the compromised Gutter-affiliated Twitter accounts."

"We've deepest sympathy for everybody affected and wish to guarantee you that we take this matter very significantly and are working with regulation enforcement to analyze the hack and safety breach," he wrote.

We're working with Twitter to regain entry to the compromised Gutter-connected Twitter accounts. We've deep sympathy for everybody affected and wish to guarantee you that we take this matter very significantly and are working with regulation enforcement to analyze the hack and...

— Gutter Dan (@gutterdan_) July 7, 2023

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

Launched in mid-2021, GutterCatGang consists of 3000 distinctive NFT cartoon cat avatars. The present ground worth is 0.5 Ether (ETH) in response to the NFT Value Ground, which is sort of a 615% improve from the unique minting price.

Journal: NFT Collectors: Snoop's NFT nostalgia, The Goose lures Gen Y to Sotheby's



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : July 8, 2023
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