Yigit Taha OZTURK 
A Gigachad (GIGA) token investor lost $6.09 million in a phishing attack through a fake Zoom link, raising crypto security concerns among investors. This incident stands out as a new crypto scam cautionary tale.
The event began with a sudden sell-off of GIGA tokens on November 12. The investor, who goes by the pseudonym “Still in the Game,” revealed they had fallen victim to a hack:
“Today’s massive sale happened because one of my wallets was drained via a fake Zoom link. This is tough, but I’ll stay in the game.”
According to the investigation firm Scam Sniffer, the victim clicked on a fake Zoom meeting link that led them to a site designed to steal crypto wallet security information. The phishing site installed malware on the victim’s device, which allowed the hacker to consolidate assets from three separate wallets into one, seizing all funds.
Onchain Lens, an analytics firm, reported that the hacker stole 95.3 million GIGA tokens, valued at $6.09 million. The hacker converted the stolen GIGA tokens into stablecoins, including $2.1 million worth of Solana (SOL), Tether (USDT), and USD Coin (USDC). The hacker then transferred the stablecoins to a different wallet and moved an additional 700 SOL tokens to the KuCoin exchange.
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The United States Federal Bureau of Investigation (FBI) and a forensic team are involved in the investigation to recover the stolen funds. After the incident, the victim expressed optimism about recovering their loss, saying, “I’ll make it all back and more. Just watch me.”
This event has once again highlighted the critical importance of crypto security. In particular, large exchanges like WazirX have increased security efforts following a recent $235 million cyberattack. WazirX founder Nischal Shetty announced plans to build a decentralized exchange (DEX) where users would have full control over their assets. This platform aims to let users manage their assets freely and includes a DEX token for platform fees and governance.
Crypto investors are strongly advised to be cautious when clicking links and to double down on authentication measures to protect themselves from such cyberattacks.
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