Did the MEME team steal accounts and call orders? The whole story of the legendary trader GCR’s account being hacked
Written by: Xiaobai Navigation Coderworld
The crypto world is a veritable dark forest.
Whether it isstealPhishing on accounts or chains is nothing new for old players. This kind of "trick" has nothing to do with the amount of wealth. Whether you are a billionaire or a hundred-dollar player, hackers treat you the same. As long as you are careless for a moment and are taken advantage of by hackers, your assets will be transferred away at the same speed.
Yesterday's legendary crypto trader GCR (@GCRClassic)The Twitter account of GCR was hacked. The hacker used GCR's Twitter account to post the view that "I am firmly optimistic about ORDI". After the tweet was sent, ORDI rose by 15% within a few minutes and then quickly fell back. GCR himself seemed to be unaware of it until someone asked him in his tg channel that he knew his account was hacked.steal.
Interestingly, the famous “chain detective” ZachXBT Use anDetailed long tweetThe entire process of the hacking incident was revealed, and the mastermind behind the hacking was sharply identified - a Memecoin team.
Carefully planned hack
After the GCR account was stolen and the order was called, the on-chain detective ZachXBT announced that he would release an investigation report on this incident within the next 12-24 hours. That night, ZachXBT posted a long tweet, which went straight to the point at the beginning, pointing out that the culprit behind the hack was $CAT Memecoin Team
ZachXBT pointed out that the $CAT team had made many bad moves during the TGE project, and the team had sniped more than 60%Tokenshares and sold them for a profit of more than $5 million.
By tracking the on-chain address, ZachXBT found that the team quickly transferred the funds toexchange, and fromexchangeWithdraw the amount to two addresses starting with 0x23bc and 0x91f33.
Afterwards, the address 0x23bc65 transferred 650,000 USDC to a new address starting with 0x5e3e and deposited it into Hyperliquid.
Between 17:45 and 17:56 UTC on May 26, 0x5e3e established a $2.3 million long position in ORDI on Hyperliquid.
Be prepared for the hacker incident on May 26 at 17:55 UTC @GCRClassic A Twitter account published a post that was optimistic about ORDI, causing ORDI to rise briefly.
Twice the effort for half the result?
Since GCR is known as the "legendary trader", it goes without saying that his Twitter account is very influential. A scheme as elaborate as this one by the hacker must have made a lot of money, right?
However, it took 15 minutes from the hacker’s tweet to call for ORDI to the final closing of the position.Profit $34,000.
As if he was not satisfied with the $34,000 he earned after working so hard, the hacker used the same address 0x5e3 to establish a $1 million ETHFI long position on Hyperliquid more than an hour later, at UTC 19:04 — UTC 19:12.
After opening the order, the hacker @GCRClassic Post a tweet to call for ETHFI, from UTC 19:16 — UTC 19:45, 0x5e3 closed the position,The loss of this order is 3500 USDWell, the hacker not only stole the account but also placed orders in advance to ambush. The operation was as fierce as a tiger. It is not known whether the final profit is enough to cover the cost of stealing the account.
Viewers in the comment section couldn't help but mock: "Hacking into GCR's account only earned $35,000. How pathetic."
At the end of the investigation, ZachXBT summarized some of the essences that investors should understand from this incident:
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$CAT project just bought an expensive Twitter account (@sol) and posted some mysterious-looking posts, and people were willing to invest real money to pay for this mystery, and ultimately allowed such a scam team to make millions of dollars in profit. This is wrong.
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Social media platforms should no longer provide a stage for people who shout out Memecoin.
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It is recommended that people research the progression from SIM swapping/phishing scams to now using Memecoin scams as many scammers have switched their methods.
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Memecoin is subject to manipulation to the same or even higher degree than VC coins. You should choose a trustworthy development team or smartcontractLockedToken.
Finally, ZachXBT also came out to mock, saying that the execution of this scam was very poor and the scammers were obviously of "low IQ".
As an individual with greater influence, it is particularly important to control account risk. After all, many people will actually pay real money for an investment advice issued by your account.
As an investor, you need to be disenchanted by this kind of influence and look at various investment suggestions objectively and rationally, and refuse to be influenced by fomo and blindly take over.
The article comes from the Internet:MEMXiaobai NavigationDid the E team steal the account and call orders? The whole story of the legendary trader GCR’s account being hacked
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