Over $765K worth of NFTs stolen after SIM swap attack on Gutter Cat Gang

More than $765,000 worth of nonfungible tokens (NFTs) has been stolen as part of a reported SIM swap attack on the Gutter Cat Gang NFT project. The security breach was highlighted by several NFT community members at around 8:00 pm UTC on July 7, with Gutter Cat Gang co-founder Gutter Mitch tweeting out a warning: “Our Twitter has been compromised please do not interact with any links.” Alongside the official Gutter Cat Gang account, co-founder Gutter Ric was also hacked. The hackers used the accounts to share links to fake limited edition Gutter Cat Gang NFT sneaker airdrops that essentially drained people’s hot wallets when they clicked on them. To make the fictitious links look more legitimate, the tweets included recent Gutter Cat Gang branding and imagery from the project’s phygital sneaker drop in partnership with Puma and NBA/Charlotte Hornets star LaMelo Ball. Responding to Gutter Mitch’s thread, prominent blockchain sleuth ZachXBT asserted that the team was hacked via a SIM swap attack, as he questioned the team’s cybersecurity practices. ZachXBT highlighted two victims of the attack, with one losing a Bored Ape Yacht Club NFT worth $65,913 at current floor prices.