$700K in crypto and NFTs lost in phishing attack through Vitalik Buterin’s hacked X account

Share This Post

Ethereum co-founder Vitalik Buterin’s account on X (formerly Twitter) was compromised late at night on Sept. 9. Dmitriy Buterin, father of Vitalik, confirmed the hack through his X account.

Vitalik’s hacked account was used to promote a fishing link that stole crypto and non-fungible tokens (NFTs) from wallets that interacted with it. According to on-chain sleuth ZachXBT, the hacker has drained around $691,000 of assets from victims.

The phishing post, which has since been deleted, lured victims by claiming to celebrate “Proto-Danksharding coming to Ethereum.“ The hacker posted a malicious link to mint a fake free commemorative NFT. The fake NFT mint had a 24-hour time limit, urging victims to act quickly.

A CryptoPunk NFT worth 153 ETH or approximately $250,000, owned by Ethereum developer Bok Khoo, was among the assets stolen in the attack. The attacker has sold most of the NFTs while much of the proceeds are still in the hacker’s wallet.

A user on X claimed that Vitalik’s negligence led to the attack. Therefore, the Ethereum founder “should take accountability” and “compensate those affected,” the user stated, adding:

“@vitalikbuterin you have more than enough personal wealth to make affected users whole. If the founder of any other tradfi platform posted links that resulted in fraud, that platform would be obligated to do the same, or risk facing a class action lawsuit.”

The user further claimed that the hack of Vitalik’s account was probably perpetrated through a SIM swap. In SIM swaps, attackers gain control of the victim’s phone number by convincing the victim’s mobile carrier to transfer the phone number to a new SIM card.

ZachXBT, however, noted that the assumption may not hold ground. He stated:

“you do not know yet whether it was a SIM swap. Vitalik is a big enough target to where an insider could have been paid off or panel was used.”

The post $700K in crypto and NFTs lost in phishing attack through Vitalik Buterin’s hacked X account appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Investors Sound The Alarm: China’s 7,000 ETH Sale Sparks Sell-Off Concerns

Online reports revealed that the Chinese Government has started to move thousands of Ether (ETH) seized from a $4 billion crypto Ponzi scheme As a result, Ethereum investors have recently shared

Ethereum Price Targets a Comeback: Will the Bounce Last?

Ethereum price extended losses and tested the $2,320 support ETH is now correcting losses and might aim for a fresh increase above the $2,420 resistance Ethereum remained in a bearish zone and traded

London Man Denies Running Illegal Cryptocurrency ATMs

A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds The individual is accused of converting £300,000 into digital currencies

‘Cardano Isn’t Dying’: Charles Hoskinson Defends Project Amid ADA Price Criticism

Cardano founder Charles Hoskinson took X to defend the project from its detractors, arguing that the network has continued to grow and thrive despite the criticism As ADA’s price falls 29%, some

Bitcoin Price Encounters Resistance: Will It Clear The Hurdles?

Bitcoin price extended losses and traded below the $60,000 zone BTC is now attempting a recovery wave and facing hurdles near $60,800 Bitcoin is struggling to start a fresh increase above the $61,200

Crypto Exposure In Nearly Half Of Traditional Hedge Funds, Survey Reveals – What’s Driving Adoption?

According to a Bloomberg report, a recent survey found that almost half of the traditional hedge funds have some exposure to cryptocurrencies, with the degree of exposure expected to increase by