Ethereum Co-Founder's Twitter Breach Leads to $691k Losses in NFT Scam

Ethereum co-founder's Twitter breach leads to victims losing over $691,000 in a malicious NFT scam. Learn more about the incident and its repercussions.

Posted 2 months ago in Security


A laptop displaying a lock symbol representing a security breach.

Following the breach of Ethereum co-founder Vitalik Buterin's X (formerly Twitter) account, victims allegedly suffered losses exceeding $691,000 due to a malicious link falsely promoting a free NFT.

Vitalik Buterin, Ethereum's co-founder, allegedly had his X (formerly Twitter) account compromised. According to prominent blockchain investigator ZachXBT, the incident has led to victims collectively losing over $691,000 after clicking on a malicious link.

In a Sept. 9 post on X, Dmitry Buterin, the father of Vitalik, announced that his son's account had been compromised: The post he was referring to has since been deleted. It was published on Buterin's account, claiming to celebrate the arrival of "Proto-Danksharding coming to Ethereum." The hacker shared a malicious link to an alleged free commemorative nonfungible token (NFT) available, enticing victims to connect their wallets before ultimately stealing all their funds.

Consequently, this incident has led Ethereum developer Bok Khoo, better known as Bokky Poobah on X, to claim he has suffered losses in his CryptoPunk NFT collection. WARNING! I JUST LOST A FEW PUNKS! DON'T INTERACT!

At the time of publication, the prevailing floor price for a CryptoPunk NFT stands at 46.99 Ether (ETH), which is approximately equivalent to $76,837. ZachXBT has been actively informing his 438,200 followers about the hacker's activities. He recently shared that the most valuable NFT pilfered so far is CryptoPunk #3983, worth 153.62 ETH, equivalent to approximately $250,543. Update: $691k drained (another 33% in drainer fee address)

A user with the alias Satoshi 767 on X claimed that Buterin might not have implemented sufficient security measures for his X account. "I hate to be the one to say it, but Vitalik should take accountability for his poor op-sec and compensate those affected," he stated, before implying that he believes Buterin's oversight led to the attack: However, ZachXBT challenged these allegations, asserting that Buterin's high-profile makes him susceptible to various forms of hacking attempts: "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 a panel was used," ZachXBT stated.

Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

Last updated 9/10/2023, 5:13:26 AM

0
0
Flag
0 Views
da9561f8-b59b-4914-8acf-04ed92d178ee

Related Articles


Related Questions

News Letter

Subscribe to the CryptoCat.ai newsletter to stay updated with the latest cryptocurrency news, insightful articles, market trends, and more – delivered directly to your inbox!




Twitter

Is email too old school? Well you can get your news directly on twitter just by following us

https://cryptocat.ai