GIGA Token Holder Loses 6M in Sophisticated Phishing Attack

• Fake Zoom link phishing attack led to $6.09 million in stolen GIGA tokens.
• Malware installed on victim’s laptop drained crypto wallets, including 95.3M GIGA.

A Gigachad (GIGA) token investor lost $6.09 million after falling victim to a phishing attack through a fake Zoom meeting link. The large-scale sell-off caused an unusual price drop in the GIGA token on November 12, sparking community speculation before prominent investor “Still in the Game” confirmed the incident.

In a statement on social media, Still in the Game disclosed the phishing attack, explaining, “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 bad, but I will be back. I will always stay in the game.” This proactive warning highlighted the dangers of increasingly sophisticated phishing methods targeting cryptocurrency investors.

Meanwhile, Crypto investigation firm Scam Sniffer detailed that the investor had clicked on a deceptive Zoom call link, which redirected them to a malicious website designed to extract sensitive wallet details. The phishing site then installed malware on the investor’s device, which the attacker used to empty three crypto wallets.

Blockchain analytics platform Onchain Lens reported that the hacker drained 95.3 million GIGA tokens, worth $6.09 million. These stolen assets were quickly exchanged for 11,759 Solana (SOL), valued at around $2.1 million. And subsequently converted to stablecoins Tether (USDT) and USD Coin (USDC). The attacker then moved the stablecoins to an undisclosed wallet. It is with an additional 700 SOL transferred indirectly to the crypto exchange KuCoin.

FBI To Step In

In response to the theft, Still in the Game has engaged both the U.S. Federal Bureau of Investigation (FBI) and a forensic team to aid in tracking and recovering the stolen assets. Although recovery remains uncertain, the investor expressed optimism about recouping losses in the current bullish market cycle, stating, “I’m going to make it all back and more. Just watch me.”

Phishing attacks are on the rise in the cryptocurrency space, impacting investors from meme coins to established assets. With digital assets’ popularity soaring, experts urge investors to remain vigilant against phishing and malware attacks.

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