Greater than $765,000 price of non-fungible tokens (NFTs) had been stolen in a reported SIM-swap assault on NFT undertaking Gutter Cat Gang.
The vulnerability was highlighted by a number of NFT group members round 20:00 UTC on July seventh Gutter Mitch, co-founder of the Gutter Cat Gang, 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 Gutter Cat Gang account, co-founder Gutter Ric was additionally hacked.
The hackers used the accounts to share hyperlinks to pretend restricted version Gutter Cat Gang NFT sneaker airdrops that mainly emptied folks’s scorching wallets after they clicked on them.
To make the fictional hyperlinks look extra respectable, the tweets included current Gutter Cat Gang branding and pictures of the undertaking’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 stated.
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 NFT from Bored Ape Yacht Membership on the present reserve value and one other misplaced a whopping $700,000 NFTs from quite a lot of Blue -Chip collections misplaced.
Another person simply misplaced $700k in belongings (a number of BAYCs, MAYC, Doodles, BAKCs, and so on.) pic.twitter.com/noNvkqkw9U
— ZachXBT (@zachxbt) July 7, 2023
Gutter Dan, co-founder of the Gutter Cat Gang, offered an replace on the matter, stating, “We’re working with Twitter to regain entry to the compromised Twitter accounts related to Gutter.”
“We have now deepest sympathy for everybody affected and wish to guarantee you that we take this matter very critically and are working with regulation enforcement to research the hack and safety breach,” he wrote.
We’re working with Twitter to regain entry to the compromised Gutter-connected Twitter accounts. We have now deep sympathy for everybody affected and wish to guarantee you that we’re taking this matter very critically and are working with regulation enforcement to research 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, Gutter Cat Gang consists of 3000 distinctive NFT cartoon cat avatars. The present ground value is 0.5 Ether (ETH) in line with the NFT Worth Flooring, which is sort of a 615% enhance from the unique minting value.
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