Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang
July 07. 2023
By Brian Quarmby
Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang
More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the GutterCatGang NFT project.
The security breach was highlighted by several NFT community members at around 8 pm UTC on July 7, with GutterCatGang co-founder @GutterMitch tweeting out a warning that: “Our Twitter has been compromised please do not interact with any links.”
Alongside the official GutterCatGang account, co-founder @gutterric was also hacked.
The hacker, or hackers used the accounts to share links to fake “limited edition” GutterCatGang NFT sneaker airdrops that essentially drained people’s hot wallets when they clicked on them.
In an effort to make the fictitious links look more legitimate, the tweets included recent GutterCatGang branding and imagery from the project'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 team was hacked via a SIM swap attack, as he questioned the team’s cyber security practices.
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