Crypto Memecoin Investor Loses $6.09M in Gigachad (GIGA) Tokens in Phishing Attack

A prominent crypto memecoin investor, known as “Still in the Game,” recently lost a staggering $6.09 million in Gigachad (GIGA) tokens after falling victim to a phishing attack involving a fake Zoom link.

A prominent crypto memecoin investor, known as “Still in the Game,” has lost a staggering $6.09 million in Gigachad (GIGA) tokens after falling victim to a phishing attack.

The incident occurred on November 12, when GIGA tokens experienced a sudden price drop due to the large sell-off of these stolen tokens. The investor later revealed the cause of the sell-off on social media.

“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.”

According to crypto investigation firm Scam Sniffer, the phishing attack started with a fake Zoom invite link, which redirected the victim to a malicious website designed to steal sensitive wallet information.

Upon clicking the link, the malware was installed on the investor’s computer, allowing the hacker to access and empty three of their crypto wallets.

Blockchain analytics firm Onchain Lens reports that the attacker stole a total of 95.3 million GIGA tokens, which were valued at $6.09 million at the time of the theft.

The stolen tokens were then converted into other assets, including 11,759 Solana (SOL) tokens, which were later exchanged for stablecoins Tether (USDT) and USD Coin (USDC). Some funds were also transferred to the crypto exchange KuCoin.

The investor has since involved the FBI and a specialized forensics team to recover the stolen funds. Despite the loss, the investor remains optimistic.

“I’m going to make it all back and more. Just watch me.”