Token

Gigachad (gigachadsolana.com)

Million

<div class="intro-text">
 An investor in the Gigachad (GIGA) token, known online as “Still in the Game,” reportedly suffered a $6.09 million loss in a targeted phishing attack involving a fake Zoom link.&nbsp;
</div>
The investor explained in an<a style="color: #0000ff;" href="https://x.com/stigstigstig_/status/1856085747457028517" rel="noopener noreferrer nofollow"> X post</a> that the observed drop in the token’s value resulted from a massive sell-off caused by malicious access to their wallets after clicking on a fraudulent Zoom invitation.
“Just want to be transparent—the massive sell on $GIGA today was due to one of my wallets being drained by a fake Zoom link. This hurts, but I will be back,” the investor wrote in the post.
<blockquote class="twitter-tweet">
 Just want to be transparent – the massive sell on <a href="https://twitter.com/search?q=%24GIGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GIGA</a> today was due to one of my wallets being drained by a fake zoom link
 This hurts bad but I will be back. I will always stay in the game
 Please be careful out there and never click any links from those you don’t know…
 — Still in the Game (@stigstigstig_) <a href="https://twitter.com/stigstigstig_/status/1856085747457028517?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
According to crypto security firm<a href="https://x.com/realScamSniffer/status/1856190628088172891?t=vJG_02p__4IMNDMrKVi5BA&amp;s=19" rel="noopener noreferrer nofollow"> Scam Sniffer</a>, the phishing scam was meticulously planned. The fraudulent Zoom link redirected the victim to a website designed to collect sensitive wallet data, which was then exploited through malware that infiltrated the victim’s device.
The attacker<a href="https://x.com/OnchainLens/status/1856197132380000629?t=aaXfF6tMdP7P8Zr2HfmEag&amp;s=19" rel="noopener noreferrer nofollow"> reportedly</a> funnelled assets from the victim’s three crypto wallets into a single wallet and then converted the stolen GIGA tokens into 11,759 Solana (SOL), worth approximately $2.1 million, before transferring the funds to Tether (USDT) and USD Coin (USDC). The stolen assets were then moved to another wallet address, with a portion—700 SOL—later sent to the KuCoin exchange.
The investor noted they have since involved the U.S. Federal Bureau of Investigation (FBI) and a forensic team to assist in fund recovery efforts. Despite the setback, they voiced optimism, vowing to recoup their losses and more.
This high-profile breach follows the recent collapse of Indian crypto exchange WazirX, which suffered a $235 million hack in July. Notably,<a href="https://defi-planet.com/2024/11/wazirx-plans-february-2025-comeback-with-new-features-and-recovery-tokens-for-hack-victims/" rel="noopener noreferrer nofollow"> the exchange is preparing to resume trading in February 2025</a>, with plans to launch new features like staking and an over-the-counter desk to boost revenue and support victims affected by the hack.
&nbsp;
If you want to read more news articles like this, visit DeFi Planet and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap</a> Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/11/gigachad-giga-token-investor-loses-6-million-to-phishing-scam-via-fake-zoom-link/" rel="noopener noreferrer nofollow">Gigachad (GIGA) Token Investor Loses $6 Million to Phishing Scam via Fake Zoom Link</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Gigachad (GIGA) Token Investor Loses $6 Million to Phishing Scam via Fake Zoom Link

DeFi Planet

Other articles published on Nov 12, 2024

Ripple CEO Confirms Meeting With Donald Trump

peaq Mainnet Goes Live with 11 Initial $PEAQ Listings

MSTR Stock Soars 30%, Reaching New High After Bitcoin Boost

Ali Charts Predicts Dogecoin’s Price Trends

Secure $1 Million With a $300 Investment in These Emerging Altcoins!

XRP Price Is Going Nuts, According to This Top Trader

Join our free newsletter for daily crypto updates!