Crypto Phishing Attack: Gutter Cat Gang Twitter Account Compromised, NFTs Worth $750K Stolen

The cryptocurrency industry has recently witnessed yet another unfortunate incident involving a hacking attack.

This time, the target was the official Twitter account of Gutter Cat Gang, a popular NFT collection built on the Ethereum network.

The attack compromised the account of one of the project’s co-founders, and as a result, an estimated amount between $750,000 and $900,000 was lost.

The hacker managed to seize at least 87 NFTs belonging to 16 different users.

Among the affected addresses, one lost a significant number of NFTs.

This included a Bored Ape artwork that was previously sold for $125,000 in September 2021.

Determining the exact value of the stolen digital artwork is still under analysis due to the fluctuating nature of NFT prices.

At least one of the attacker’s wallets has since sold stolen assets for $640k, according to AegisWeb3.

What happened?

The attacker used Twitter last Friday, July 7th, to promote a public airdrop of Gutter Cat Gang’s legitimate collection called GutterMelo.

The collection was released in late June, and the hacker published a link to the airdrop, which was fake.

Those who clicked on it had their wallets drained of their assets without receiving anything in return.

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