- In 2021, Gutter Cat Gang debuted with 3,000 individual NFT cartoon cat avatars.
- One person lost a Bored Ape Yacht Club NFT valued at $65,913 at current floor pricing.
There was a SIM swap assault on the Gutter Cat Gang NFT project, and more than $765,000 worth of NFTs were taken. Several members of the NFT community brought attention to the security breach at approximately 8:00 pm UTC on 7 July.
Gutter Mitch, the co-founder of the Gutter Cat Gang, tweeted a warning about the exploit and urged users not to click on any links. Midway through 2021, Gutter Cat Gang debuted with 3,000 individual NFT cartoon cat avatars.
Both Accounts Compromised
Both the official Gutter Cat Gang account and Gutter Ric’s personal account were compromised. The compromised accounts were used by the hackers to spread links to bogus limited edition Gutter Cat Gang NFT sneakers airdrops, which, when clicked on, emptied people’s hot wallets.
Moreover, the fake links were promoted on Twitter using current Gutter Cat Gang branding and photos from the project’s phygital shoe release with Puma and NBA/Charlotte Hornets player LaMelo Ball.
Furthermore, ZachXBT, a well-known blockchain analyst, responded to Gutter Mitch’s post by speculating that the team had been the victim of a SIM swap attack and casting doubt on the group’s commitment to data protection.
ZachXBT stated:
“Your team better look at a compensation plan for victims as it is gross negligence to have used SMS 2FA on your socials after all of the recent SIM swaps.”
One person lost a Bored Ape Yacht Club NFT valued at $65,913 at current floor pricing. While another person lost a stunning $700,000 worth of NFTs from a variety of blue chip collections, as reported in a separate post by ZachXBT.
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