Hack Alert!! Gutter Cat Gang’s Twitter Account Hacked – $700K NFTs Drained

Hackers and scammers seem relentless in attacking the nascent non-fungible token sector. In one more strike, hackers have simply compromised the Gutter Cat Gang NFT assortment’s official Twitter account and that of its founder to advertise fraudulent phishing hyperlinks.

Gutter Reduce Gang’s Twitter Account Hacked

In a July 8 weblog publish, ZachXBT, an on-chain crypto sleuth and crypto detective, confirmed that hackers have compromised “The Gutter Cat Gang” NFT assortment and its founder Gutter Ric’s Twitter accounts. Hackers are utilizing the accounts to publish fraudulent drainers hyperlinks.

Another person simply misplaced $700k of belongings (couple BAYCs, MAYC, Doodles, BAKCs, and many others) pic.twitter.com/noNvkqkw9U

— ZachXBT (@zachxbt) July 7, 2023

Launched in Could 2021, the Gutter Cat Gang is an NFT startup behind the favored Gutter Reduce NFT assortment, which includes a mounted version of three,000 randomly generated NFTs hosted on the Ethereum community. The NFT assortment was set in a post-apocalyptic world within the yr 2050 and offered out in simply 10 minutes in 2021.

Since its institution, the Gutter Reduce Gang NFT ecosystem has grown to greater heights, making the NFT startup susceptible to scams and hacks. The NFT undertaking has greater than 18,000 followers on Instagram and over 10,000 followers on Twitter.

Within the current hack incident, hackers breached the safety barrier to the Gutter Cat Gang’s social media discord and gained management of its Twitter Account. In a short while, hackers have used the Twitter account to advertise a faux NFT drop.

Because the NFT startup has sturdy neighborhood backing, a number of traders have fallen into the simple phishing entice. An recognized investor has misplaced over $700,000 price of NFTs, whereas one other has misplaced all excessive pockets holdings. Some NFTs stolen embrace the Bored Ape Yacht Membership, Doodles, Mutant Ape Yacht Membership, and Bored Ape Kennel Membership NFTs.

Hackers Shift Goal To Founders And NFTs Protocols

It’s price noting that that is the second time in two days that the Gutter Reduce Gang Twitter account and that of its founder have been compromised. Due to this fact, staying secure is advisable since no details about whether or not the NFT protocol has regained management of social media accounts has been shared.

In current weeks, hackers have adopted the tendency of placing protocol and senior officers’ social media handles to advertise their malicious phishing hyperlinks. Earlier in Could, hackers additionally compromised Bored Ape’s new boss “Daniel Alegre” Twitter account and used it to advertise fraudulent phishing hyperlinks.

. @dalegre ‘s twitter is hacked, don’t click on something. pic.twitter.com/Ai8vxjUr6H

— Garga.eth (Greg Solano) (@CryptoGarga) Could 2, 2023

Earlier this yr, Moonbirds’ co-founder and outstanding web3 investor Kevin Rose fell fowl of a pockets hack. Rose confirmed shedding greater than $800,000 price of NFTs. Moonbirds is an NFT assortment that includes a restricted set of 10,000 owl PFP photos.

I used to be simply hacked, keep tuned for particulars – please keep away from shopping for any squiggles till we get them flagged (simply misplaced 25) + a couple of different NFTs (an autoglyph) …

— Kevin Rose 🦉 (@kevinrose) January 25, 2023

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