A prominent crypto memecoin investor, known online as “Still in the Game,” suffered a $6.09 million loss in Gigachad (GIGA) tokens due to a phishing scam involving a fake Zoom link. On November 12, the GIGA token faced a significant price drop as the stolen tokens were swiftly sold off. The investor openly acknowledged the loss on social media, explaining that one of their wallets was compromised, resulting in the large sell-off.
How the Attack Unfolded
🚨 WARNING: Beware of fake Zoom malware!
A $GIGA holder lost millions!Compare carefully:
us04-zoom[.]us ❌
us02web.zoom[.]us ✅They look similar, right? That’s the trap! 🎯 pic.twitter.com/RWMur5MM7V
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) November 12, 2024
The phishing attack began when the investor clicked on a seemingly legitimate Zoom link, which redirected them to a malicious website designed to capture sensitive wallet information. Upon clicking the link, malware was installed on their computer, giving the hacker access to three wallets.
Conversion to Solana and Stablecoins
Blockchain analytics firm Onchain Lens revealed that 95.3 million GIGA token, valued at $6.09 million, were stolen. The hacker quickly converted these tokens to other assets, including 11,759 Solana (SOL) tokens worth around $2.1 million, which were further exchanged for Tether (USDT) and USD Coin (USDC). Some funds even reached the crypto exchange KuCoin.
Efforts to Recover the Stolen Assets
The investor, who remains committed to the crypto space, has involved both the FBI and a specialised forensics team in efforts to track and recover the lost funds. In a positive statement, they said, “I’m going to make it all back and more. Just watch me.” Despite the setback, they remain confident in their resilience within the crypto market.
