GCR's Hack Possibly Tied to Solana's CAT Coin Team, Onchain Sleuth Zachxbt Reports

On May 26, the trader known as GCR was allegedly hacked, possibly by the team behind the Solana-based meme coin CAT, as suggested by onchain sleuth Zachxbt. Prior to the hack, an address linked to CAT’s team used funds from a manipulated token launch to open long positions in ORDI and ETHFI, accumulating over $30,000 in net profits despite some losses. The team also engaged in questionable transfers involving 4,800 SOL and $1.4 million in USDC across exchanges. Zachxbt hinted that this could relate to previous SIM Swap scams by the same group. “The @sol team sniped their own launch to control 63% of the supply selling $5M+ of CAT before transferring the profits to multiple wallets,” Zachxbt wrote.