important discovery
- A hacker compromised Vitalik Buterin’s Twitter account and shared a post promoting a malicious NFT giveaway.
- The post contained a URL that stole funds from users who connected to their wallets.
- More than $690,000 was stolen in the hack, including valuable NFTs.
- Buterin blamed Twitter’s lackluster OTP authentication for the hack.
- The hack served as a reminder of the importance of security, especially for celebrities.
Hackers compromised Vitalik Buterin’s official X account, causing losses of over $690,000. report Blockchain researcher ZachXBT.
As for how the hack was successful, hackers compromised Buterin’s account and post On his behalf, we celebrated the arrival of Protodunk Sharding on the Ethereum platform.
In a now infamous post, Buterin announced a series of commemorative NFTs (non-fungible tokens) from ConsenSys. The post also contained a malicious URL, which was sent to Buterin’s 4.9 million followers, some of whom fell prey to this temptation.
The link promised a free commemorative NFT once users connected their wallet. The hacker then stole all their funds.It was so classic A giveaway scam where users were lured into doubling their funds but lost all their assets.
Vitalik’s father, Dmitry “Dima” Buterin, confirmed the news and urged his followers to ignore it in a post on September 9. He is working to restore access,” he said.
Buterin is known to be well-versed in blockchain security, and it’s devastating that his account was hacked and he claims huge financial losses, so this news is a big deal for blockchain and cryptography. It shocked the currency fraternity. The co-founder blames the incident on Company X’s (Twitter) flaws in the OTP (one-time password) authentication process.
“I didn’t know Twitter had an OTP. I always thought 2FA was enough. It was a lesson learned,” Buterin said in response to the incident.
Many users have also commented on this hack. User Satosi 767 posted that Buterin may not have properly secured his X account. However, ZachXBT refuted such comments, saying that Buterin is a high-profile figure, making him more susceptible to hacking attempts and possibly becoming a victim of SIM swapping.
“We still don’t know if it was a SIM swap. Vitalik is a big enough target that insiders could get paid or panels could be exploited,” ZachXBT said. I got it..
The post was quickly deleted, but caused enough damage. Ethereum developer Bok Khoo (Bokkhoo on X) suffered huge losses on his CryptoPunk NFT collection. Currently, the lowest price for a CryptoPunk NFT is 46.99 Ethers ($76,837). Reportedly, in his one hour the hacker made more than $147,000 and the overall loss reached his $691,000. However, it is unclear how many users were affected by this hack.
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