$6 Million Vanishes: Phishing Scam via Fake Zoom Link Targets GIGA Token Holder

According to Scam Sniffer, a cybersecurity firm focused on cryptocurrency, the investor unknowingly accessed a phishing website by clicking on a misleading Zoom invitation link. This deceptive platform was crafted to extract sensitive information from the user's wallet.

Further analysis revealed that the fraudulent site had embedded malware on the investor’s device. This malicious software allowed the attacker to track and collect information across three of the investor's crypto wallets, consolidating the assets before initiating withdrawals.

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On November 12, the price of GIGA saw an unusual dip, which was traced back to a major sell-off. Following this sudden market movement, an investor, known pseudonymously as Still in the Game, shared an alarming message with the community, disclosing the root cause of the large-scale transaction:

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.

Onchain Lens, an on-chain analytics organization, later discovered that the hacker had transferred 95.3 million GIGA tokens from the victim’s wallets, valued at $6.09 million. The stolen tokens were swiftly converted, with the hacker trading them for 11,759 Solana SOL $243.31 , valued at approximately $2.1 million. These assets were converted into more stable forms, including Tether USDT $0.9970 and USD Coin USDC $0.9977 .

The attacker didn’t stop there. After obtaining the stablecoins, they relocated them to a separate wallet address, further concealing the funds. Additionally, 700 SOL tokens were transferred indirectly to KuCoin $1.35B , likely as an attempt to liquidate or transfer assets.

The victim, determined to seek justice, reached out to the Federal Bureau of Investigation (FBI) and a forensic team, aiming to trace the stolen assets and possibly recover them. Expressing optimism despite the misfortune, the investor reassured the community with a promise to bounce back.

In other news, Binance is pushing back against the SEC’s amended complaint, arguing that the regulatory body's claims lack sufficient evidence and clarity regarding alleged securities violations.