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Gutter Cat Gang Twitter Account Compromised, NFTs Worth $750K Stolen

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Source: Mikhail Nilov / Pexels

The crypto industry has seen yet another hacking attack that resulted in a theft of a massive amount of money. 

The hacker or hackers targeted the official Twitter account of Gutter Cat Gang — a popular NFT collection on the Ethereum network. 

The hack of the account belonging to the project’s co-founder resulted in a loss estimated somewhere between $750,000 and $900,000.

The exact amount that was stolen is still a matter of debate, as the hacker stole at least 87 NFTs from 16 different users. 

One address lost as many as 36 NFTs, including a Bored Ape piece, which was sold in September 2021 at $125,000. 

Since the value of NFTs is subject to change, the experts are still debating how much the hacker actually stole by getting away with digital artwork.

At least one of the attacker’s wallets has since sold stolen assets for $640k, according to AegisWeb3.

What happened?

The attacker used Twitter last Friday, July 7th, to promote a public airdrop of Gutter Cat Gang’s legitimate collection called GutterMelo. 

The collection was released in late June, and the hacker published a link to the airdrop, which was fake. 

Those who clicked on it had their wallets drained of their assets without receiving anything in return.

Immunefi’s Adrian Hetman commented on the matter, stating that, typically, the victim interacts with malicious contracts in cases like these.

They are required to give approval to the contract and allow it to spend the tokens on behalf of the user. 

After that, the hacker who controls the contract gains the authority to transfer even the users’ NFTs as they wish.

About two days after the hack, Gutter Cat Gang Twitter explained the situation, expressing remorse regarding the incident. 

The account’s owner said that they are collaborating with the authorities to try and identify the attacker while simultaneously taking steps to prevent something like this from happening again.

However, to the fans’ disappointment, there is currently no mention of trying to compensate the victims for their losses.

Gutter Cat Gang’s team claims that the account was properly protected

Many have also expressed concern about the Gutter Cat Gang’s account security. The account owner claims to use multi-factor authentication and other security measures, although it remains unclear what those included. 

Twitter offers three options: authentication via the app, SMS, or a dedicated key. According to cybersecurity expert James Bore, app-based authentication is generally considered the most secure option.

He added that apps like Microsoft Authenticator, Google Authenticator, or Authy tend to be the most effective as the code is never transmitted over networks.

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yPredict Presale on Fire, $750K Milestone Hit as Investors Scoop Up Tokens Ahead of 28.5% Price Rise

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yPredict’s platform. Source: yPredict Twitter

Revolutionary AI-powered trading and intelligence platform yPredict’s presale is on fire.

And there’s no time to lose to invest in the project, whose institutional-grade AI-powered crypto price prediction system is being touted as a game-changer for the trading industry.

The web3 start-up has now nearly raised a whopping $900,000 via the presale of its $YPRED crypto token as investors rush to secure tokens ahead of an impending 28.5% price rise.

The presale is currently in stage 4, but will move to stage 5 when $YPRED token sales surpass $932,000.

Investors can currently get $YPRED for $0.05 each, but that will go up to $0.07 in stage 5, before $YPRED lists across major cryptocurrency exchanges later this year at $0.12.

That means investors who get in now can be sat on whopping paper gains of 140% by the time the Initial Exchange Offering (IEO) comes around.

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yPredict’s AI-Powered Price Predictions Generate Huge Hype

In light of recent developments in AI technology (like last November’s release of ChatGPT) and a surge in interest in AI’s various use cases, it’s unsurprising that yPredict has been turning a lot of heads in the crypto space.

yPredict is “building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features”, the start-up says in its Litepaper.

The platform’s technology was designed using state-of-art predictive models and data insights built by top 1% AI developers and quants.

Meanwhile, “the ypredict.ai marketplace will enable experts to earn recurring revenue by offering their model predictions or data research as trading signals, which traders and investors can subscribe to”.

All said, yPredict’s platform aims to hand market participants an unbeatable edge.

And that’s not all just talk – AI has proven itself as able to predict market movements.

A recent research paper showed how the machine learning-based large language models (LLMs) at the heart of AI such as ChatGPT enable it to predict stock price movements.

With more and more traders and investors expected to turn to AI technology for help in the coming quarters and years, its no wonder that analysts are predicting big things for the yPredict platform and its $YPRED token.

Popular British crypto start-up/presale YouTube analyst Jacob Crypto Bury thinks that yPredict looks like a “low market cap gem”, with $YPRED having the potential to at least 10x.

According to the project’s whitepaper, yPredict plans to launch the full version of its Analytics, Repository and Marketplace platform by the end of 2023.

For those interested in checking out the platform in its early form, yPredict has already launched a beta, the waitlist for which can be joined here.

yPredict Launches Ambassador

yPredict’s viral crypto presale just got a massive boost, with the web3 start-up having just announced a new ambassador program and partnership.

The start-up says the new program is “aimed at recognizing and rewarding early investors who have been advocating for yPredict and spreading our vision through various forms of social media”.

Meanwhile, yPredict has also secured a partnership with ShubPy, who will work closely with yPredict to help scale their AI-powered product.

According to a statement by yPredict, ShubPy is “a trusted development partner with extensive experience in scalable solutions”.

$YPRED – Infused with Utility

$YPRED is the economic backbone of yPredict’s revolutionary AI-powered trading platform.

To access yPredict’s premium features, new users will need to pay a $YPRED-denominated subscription fee.

10% of these fees will be distributed to existing $YPRED token holders, encouraging investors to HODL as they benefit from a passive income stream.

$YPRED owners can also stake their tokens in pools and benefit from monthly rewards.

yPredict’s AI-trading platform is designed to run on a freemium pricing model. 

Three levels of membership include free, active and pro trader. 

80% of the total token supply of 100 million will be made available during the public presale.

The other 20% of the tokens are allocated to liquidity (10%), treasury (5%) and development (5%).

yPredict – One of the Industry’s Fairest Presales

Analysts have thus labelled yPredict’s presale as being amongst the fairest out there right now, given many other presale projects reserve a large proportion of the coin supply for insiders.

Under yPredict’s tokenomics, the incentive for a rug pull is thus drastically diminished.

And with crypto community members able to secure such a large majority of the token supply in the project’s early stages, investors won’t have to worry about massive insider token supply drops that could hurt the price in the future.

$YPRED can be easily bought using ETH, MATIC or BNB, or using card.

With yPredict’s platform expected to perform exceedingly well in 2023 and beyond as AI adoption grows and crypto markets come roaring back, investors should move quickly to secure $YPRED tokens while they are still being offered at a discount.

How to Buy yPredict

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