Phishing scam via fake Zoom link costs GIGA investor $6M
A crypto memecoin investor holding Gigachad (GIGA) tokens has lost $6.09 million in a phishing attack involving a fake Zoom conference link.On Nov. 12, GIGA taped an unusual price drop activated by a huge sell-off occasion. Quickly after, a prominent pseudonymous GIGA investor Still in the Game proactively signaled versus the involvement of a hacker:” Just desire to be transparent – the enormous sell on $GIGA today was because of one of my wallets being drained by a fake Zoom link. This hurts bad but I will be back. I will always remain in the game.” According to crypto investigation firm Scam Sniffer, the victim investor clicked on a phony Zoom call welcome link, which rerouted them to a deceptive site designed to gather sensitive wallet information. Source: Scam SnifferPhishing link sets up crypto malware on computerStill in the Game claimed that the phishing website set up malware into their laptop computer, which the hacker later utilized to look at funds from three crypto wallets into one before cashing out.Onchain analytics firm Onchain Lens discovered that the hacker stole 95.27 million GIGA tokens from the victim, valued at $6.09 million. The hacker exchanged the stolen GIGA tokens for 11,759 Solana (SOL) worth $2.1 million before transforming them to Tether (USDT) and USD Coin (USDC) stablecoins.Source: Onchain LensThe hacker moved the stablecoins to a different wallet address, while an extra 700 SOL tokens were moved indirectly to the crypto exchange KuCoin.Law enforcement gets included to investigate GIGA theftThe victim stated they had actually involved the United States Federal Bureau of Investigation and a forensics team to help recuperate the stolen funds. In spite of the absence of surety of funds recovery, the investor remains positive about making up for the loss in the ongoing bull market. “Im going to make it all back and more. Simply view me,” they added.Related: DeltaPrime made use of for $4.8 M worth of ARB and AVAX tokensAfter the current downfall of the Indian crypto exchange WazirX following a $235 million hack, its creator, Nischal Shetty, revealed plans to check out building a different decentralized exchange (DEX). He added:” The best thing is that youll have the ability to self-custody your assets here– your possessions will be totally under your control– and you can easily trade or do what you want with your possessions.” The strategy includes the possible launch of a corresponding DEX token to pay for fees on the platform and offer an instrument for governance.Magazine: Real life yield farming: How tokenization is transforming lives in Africa