Wall Street Memes Discord Hack

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Wall Street Memes Logo/Homepages

Wall Street Memes is a token to celebrate the short squeeze conducted on the GameStop stock. Late on October 11th, 2024, an attacker was able to hack into the Wall Street Memes Discord server. They posted a series of announcements promising an airdrop of free tokens in order to gain access and drain wallets. Approximately a month later, the Wall Street Memes team announced a compensation scheme for all affected users who could sign a transaction with the compromised wallet by November 17th, 2023.

This is a global/international case not involving a specific country.

About Wall Street Memes

"The $WSM token celebrates the little guys, the retail investors. The guys that took on wall street and won.

With a buyback program to support token price, WSMCasino to get your blood pumping, and a staking program to reward diamond hands, the $WSM token is the hottest meme token out there."

"The Wall Street Memes community is the home of the degen. Born out of the GameStop saga, we’ve assembled a community of over 1.1 million diamond hands on social, serving the best memes Wall Street doesn’t want you to see.

Looking to work with Wall Street Memes? We work with selective partners to offer collaborative content and ad placements. To find out more about Wall Street Memes partnerships click here."

"Welcome to the new home of the degen - Wall St Memes Casino is the ultimate destination to spend your well earned gains. With custom Wall St Memes games, sports betting, a live casino, and $WSM token integration, it’s the perfect place to grow your bags!"

"THE NEWS YOU'VE BEEN WAITING FOR FAM - AIRDROP TOKEN UPDATE"

"We will be giving away 5,000,000 $WSM tokens which will be distributed to anyone who claims from Oct 11th - Oct 13th. There is only a limited amount of token, so act fast! Any gas spent on claiming the tokens will be refunded via Wall Street Meme's Smart Contract." "Claim your $WSM tokens here" "We appreciate your support for the best communi1ty. Best of luck claiming $WSM Fam"

"The Discord server attack took place on October 12, leading to community members being bombarded by scammers posing as official team members."

"A team at WSM is working very hard to guarantee that the Discord server is 100% safe for its community. In the tweet, WSM alerted their community to the fact that no one from their team would message a community member directly or request any personal information, even if it came from an admin or certified account."

"We’ve set up a fund for anyone affected by the discord hack. If you were affected, please follow the instructions below carefully. We’ll be taking submissions until the 17th of November. Then, we’ll be airdropping legitimate victims the hacked $WSM on the 22nd November."

"[Y]ou’ll need to head to etherscan.com and connect your compromised wallet. You can do that be visiting https://etherscan.io/verifiedSignatures# and hitting the ‘sign message’ button, as seen below."

"Once you’ve signed the message, our team will cross reference it with the affected wallet addresses and airdrop you your lost $WSM tokens on the 22nd November."

"All compensation claims submitted by November 17 will have the funds from compromised wallets refunded on a 1:1 basis."

"The relief fund has disbursed $46,000 worth of $WSM to all those affected by the hack." "The largest compensation claim was $6,600.60, and the smallest was $8.17."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Wall Street Memes Discord Hack

Date	Event	Description
October 11th, 2023 8:16:00 PM MDT	First Capture Screenshot	A screenshot is captured and posted on Twitter.
October 11th, 2023 9:18:00 PM MDT	Another Capture Screenshot	A screenshot is captured and posted on Twitter.
October 12th, 2023 12:36:50 AM MDT	Crypto Times Report	Crypto Times reports on the Discord hack at the time.
October 12th, 2023 12:58:00 AM MDT	Compromise Twitter Post	A Twitter posts is shared about the Discord being compromised. It simply states that the team is aware and don't trust the Discord for the time being.
October 12th, 2023 3:52:00 AM MDT	Follow Up Tweet	Another post is made on Twitter about the Discord hack.
November 10th, 2023 6:11:29 AM MST	Instruction Video	A YouTube video is posted with step by step instructions for affected users to make a claim by November 17th, in order to receive tokens by November 22nd.
November 10th, 2023 8:16:38 AM MST	Relief Fund Instructions	A Medium post is made about a relief fund which was set up to help compensate victims of the discord hack.
November 10th, 2023 11:20:52 AM MST	CryptoNews Report	CryptoNews reports on the relief fund being set up.
November 10th, 2023 8:49:03 PM MST	Crypto World Daily Video	Crypto World Daily uploads a video about the relief fund. It reads out raw HTML information and obviously wasn't reviewed.

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost has been estimated at $46,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

The total amount recovered has been estimated at $46,000 USD.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.