Gigachad Investor Loses $6 Million in Zoom Phishing Scam

A prominent investor lost approximately $6.09 million in the cryptocurrency Gigachad (GIGA) due to a phishing attack. The perpetrators used a fake Zoom conference invitation to spread malicious software.

According to blockchain monitoring service Onchain Lens, the scammers gained access to three cryptocurrency wallets, siphoning 95.27 million GIGA tokens. The criminals managed to convert the stolen assets into 11,759 SOL, equating to around $2.1 million. Following the large-scale sell-off, the meme coin GIGA’s price plummeted from $0.63 to $0.54.

Subsequently, the attackers exchanged the SOL for stablecoins USDT and USDC. A portion, amounting to 700 SOL, was routed to the centralized exchange KuCoin through intermediary addresses.

The affected investor, known on social media platform X as “Still in the Game,” confirmed that the sharp decline in GIGA’s value was directly caused by the phishing attack. At the time of reporting, GIGA’s price had dropped a further 15%, settling at $0.049.

The incident is under investigation by the U.S. Federal Bureau of Investigation and a team of forensic experts. Scam Sniffer, a company specializing in cryptocurrency fraud detection, noted the similarity between the fake link “us04-zoom[.]us” and the legitimate Zoom platform URL “us02web.zoom[.]us.”

Phishing attacks masquerading as legitimate Zoom invitations are becoming increasingly common, with fraudsters frequently employing social engineering tactics to gain victims’ trust. For instance, they may impersonate trusted contacts or create a false sense of urgency, leading the target to overlook subtle differences in the URLs.

Earlier this year, a cybersecurity engineer warned of a similar attack aimed at NFT owners, where fake Zoom invitation links led to a counterfeit video conferencing page, prompting users to install malware designed to steal sensitive data.