Investor Loses $6 Million in $GIGA to Fake Zoom Link Scam

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. On November 12, the GIGA token faced a sudden price drop due to the large sell-off of these stolen tokens.

The investor revealed the cause of the sell-off on social media, 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.”

Crypto investigation firm Scam Sniffer reported that the phishing attack began with a fake Zoom invite link, which redirected the victim to a malicious website designed to steal sensitive wallet information. 

Source: Twitter

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.

According to Onchain Lens, a blockchain analytics firm, the attacker stole a total of 95.3 million GIGA tokens, valued at $6.09 million. The stolen tokens were then converted to other assets, including 11,759 Solana (SOL) tokens worth around $2.1 million, which were further exchanged for stablecoins Tether (USDT) and USD Coin (USDC). Some funds were even 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, they remain optimistic, stating, “I’m going to make it all back and more. Just watch me.”