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Over $765K worth of NFTs stolen after SIM swap attack on Gutter Cat Gang

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More than $765,000 worth of nonfungible tokens (NFTs) has been stolen as part of a reported SIM swap attack on the Gutter Cat Gang NFT project.

The security breach was highlighted by several NFT community members at around 8:00 pm UTC on July 7, with Gutter Cat Gang co-founder Gutter Mitch tweeting out a warning: “Our Twitter has been compromised please do not interact with any links.”

Alongside the official Gutter Cat Gang account, co-founder Gutter Ric was also hacked.

The hackers used the accounts to share links to fake limited edition Gutter Cat Gang NFT sneaker airdrops that essentially drained people’s hot wallets when they clicked on them.

To make the fictitious links look more legitimate, the tweets included recent Gutter Cat Gang branding and imagery from the project’s phygital sneaker drop in partnership with Puma and NBA/Charlotte Hornets star LaMelo Ball.

Responding to Gutter Mitch’s thread, prominent blockchain sleuth ZachXBT asserted that the team was hacked via a  SIM swap attack, as he questioned the team’s cybersecurity practices.

“Your team better look at a compensation plan for victims as it is gross negligence to have used SMS 2FA on your socials after all of the recent SIM swaps,” ZachXBT said.

Related: $794K SIM swap hacker PlugwalkJoe sentenced to 5 years in prison

In a separate thread, ZachXBT highlighted two victims of the attack, with one losing a Bored Ape Yacht Club NFT worth $65,913 at current floor prices, and another losing a whopping $700,000 worth of NFTs from a host of blue chip collections.

Providing an update on the matter, Gutter Cat Gang co-founder Gutter Dan stated: “We are working with Twitter to regain access to the compromised Gutter-affiliated Twitter accounts.”

“We deeply sympathize with all those impacted and want to assure you that we are taking this matter very seriously and are working with law enforcement to investigate the hack and security breach,” he wrote.

At the time of writing, it appears that the accounts are still compromised.

Gutter Cat Gang was launched in mid-2021 and consists of 3000 unique NFT cartoon cat avatars. The current floor price sits at 0.5 Ether (ETH), up almost 615% from the initial cost to mint, according to NFT Price Floor.

Magazine: NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s

Cryptocurrency

Dogecoin Millionaire Says to Watch Pepe, Neiro Ethereum, Brett for the Next Crypto Bull Run: What About Pepe Unchained?

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Glauber Contessoto, the “Dogecoin millionaire,” is back in the news.

He recently shared on Twitter which coins he believes could be the next big winners in the upcoming bull run.

PEPE, NEIRO, and BRETT are three coins he’s got his eye on – and he believes they have serious potential to take off.

Dogecoin Millionaire’s Picks for the 2025 Bull Run

Contessoto’s tweet on Monday went viral.

With over 85,000 views, his tweet laid out what he believes will be the two biggest meme coin narratives driving the 2025 bull run.

First up, he’s betting on the rise of the “PEPEVERSE,” with PEPE on Ethereum and BRETT on Base leading the way.

Contessoto sees these coins, along with others tied to characters like Andy and Wolf, producing big wins for investors.

Next in line is the “DOGEVERSE.”

He expects a revival of old favorites like DOGE, SHIB, and FLOKI from the last cycle.

But he’s also watching for new dog coins – with NEIRO on Ethereum catching his eye as the “younger sister of Doge.”

It’s no surprise that Contessoto’s picks have stirred up plenty of excitement.

And many investors are eager to see if these picks will be the stars of the next crypto bull run.

Could We Be on the Verge of Another Bull Cycle?

Are we on the brink of another crypto bull run?

Several signs suggest it’s possible.

For starters, the Fed is expected to cut interest rates at their FOMC meeting today.

Historically, lower interest rates have been great for riskier assets like crypto as investors look for better returns.

More money flowing into the crypto market could push prices higher.

Then there is the growing role of institutional adoption.

With spot Bitcoin and Ethereum ETFs now available, big investors can get into crypto through more trusted channels.

That added legitimacy might boost demand even further if interest rates begin to come down.

Of course, the broader economic picture matters too.

For example, a “soft landing” in which inflation reaches the Fed’s target without causing a recession could create the ideal conditions for crypto to thrive.

These combined factors suggest we might be on the verge of a bullish shift – making Contessoto’s coin picks even more exciting.

Investors Also Stacking Pepe Unchained for the Next Bull Run

Contessoto’s picks are definitely worth watching – but they’re not the only contenders.

One rising star that’s been catching a lot of attention is Pepe Unchained (PEPU), which puts a new spin on the iconic Pepe meme.

Featuring a “Pepe the Frog” theme, Pepe Unchained aims to set itself apart by combining meme culture with a real-world blockchain project.

Think of it like a classic joke token, but upgraded.

It still has that “degen” vibe, yet it offers extra utility by creating its own Layer-2 blockchain, Pepe Chain.

This chain claims it would offer super-fast transactions, low fees, and easy integration with the Ethereum ecosystem.

And if that wasn’t enough, the staking rewards definitely are.

Currently, PEPU holders can stake their tokens and generate yields of 152% per year.

That’s far higher than what most staking coins offer.

No surprise, then, that Pepe Unchained’s presale has already raised over $13.5 million.

FOMO is beginning to kick in, and the hype is building.

Crypto influencers like ClayBro are even predicting that PEPU will be “ready to explode” after the Fed’s upcoming rate decision.

With a potential crypto bull run on the horizon, Pepe Unchained could be another meme coin worth watching.

The next price increase takes place in less than 24 hours, so there’s limited time to participate in the current phase.

Visit Pepe Unchained Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Cryptocurrency

Ripple Price Analysis: XRP Bulls Eye $0.6 as Positive Sentiment Spreads

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After a solid bullish rebound, Ripple’s price surged to the $0.60 level. However, it has since entered a brief consolidation phase, which may pave the way for further upward movement toward the significant $0.64 resistance.

By Shayan

The Daily Chart

A closer look at Ripple’s daily chart reveals that following an increase in demand around the key 100-day ($0.53) and 200-day ($0.55) moving averages, buying activity intensified, leading to a sharp price surge toward the $0.60 mark.

Although Ripple’s upward momentum has temporarily paused, the price has now entered a short-term consolidation at this level. This phase is likely to be followed by a continuation of the bullish trend, with XRP targeting the critical $0.64 resistance level, a zone that has consistently challenged buyers in recent months.

Should sellers regain control of this resistance, XRP’s price could face a reversal, potentially declining back toward the $0.55 support region. On the other hand, if buyers manage to break through the $0.64 resistance, the bullish trend is expected to continue, signaling a shift in market sentiment.

xrp_price_chart_1809241
Source: TradingView

The 4-Hour Chart

On the 4-hour chart, XRP saw increased buying interest at the 0.5 Fibonacci retracement level ($0.52), which coincides with the lower boundary of a descending flag pattern. This triggered a strong bullish reversal, pushing the price toward the upper boundary of the flag at $0.62, a key resistance level in this formation.

If the cryptocurrency successfully breaks above $0.62, the bullish trend is likely to continue, with the price targeting the $0.64 threshold. However, failure to break through this resistance could lead to a bearish rejection, with the price potentially retracing back to the $0.55 static support area.

xrp_price_chart_1809242
Source: TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Bitcoin Price Analysis: The Fed Cut Rates, Now What’s Next for BTC?

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Bitcoin’s price finally looks set to break back above the $60K level after weeks of consolidation. However, there is still one more key resistance level that the price needs to overcome.

Technical Analysis

By: Edris Derakhshi (TradingRage)

The Daily Chart

On the daily timeframe, Bitcoin’s price is demonstrating a willingness to finally break above the $60K resistance level, following its rebound from $52K.

The RSI also shows values above 50, indicating that the market momentum is bullish once again. However, for the cryptocurrency to begin a new long-term rally, the price should first rise above the 200-day moving average, which is located near the $64K resistance level.

btc_price_chart_1809241
Source: TradingView

The 4-Hour Chart

The 4-hour chart clarifies the recent price action, as the market has been making higher highs and lows since bouncing from the $52K support level.

As this suggests, it is only a matter of time for the $60K resistance level to be broken to the upside, which would pave the way for BTC to rally toward the significant $64K resistance area. The RSI is also showing bullish momentum in this timeframe and has yet to reach the overbought region. Therefore, the market seems to be on the verge of an increase, at least in the short term.

btc_price_chart_1809242
Source: TradingView

On-Chain Analysis

By Edris Derakhshi (TradingRage)

Bitcoin Exchange Supply Ratio

To sell their coins in the crypto market, most people have to first deposit them into an exchange. The amount of BTC held in exchange wallets is, therefore, a proxy for market supply (at least retail), and analyzing its trends could be beneficial.

This chart presents the BTC exchange supply ratio, which measures the ratio of the BTC held in exchanges to the total supply of the coin.

As it shows, the metric has been declining rapidly since February, indicating that heavy accumulation occurred during the recent consolidation. As a result, if sufficient demand is present, the market can begin a new rally toward higher prices.

Bitcoin Exchange Supply Ratio - All Exchanges
Source: CryptoQuant
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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