Ethereum

<div class="sg-post-des">
 Following the reported breach of Ethereum co-founder Vitalik Buterin's X (formerly Twitter) account, over $691,000 in losses has been inflicted on victims by malicious links. 
</div> 
<div class="cointelegraph"> 
 Vitalik Buterin, co-founder of Ethereum (ETH) had his X (formerly Twitter) account compromised, which, according to social media reports, resulted in victims losing over $691,000 through malicious links. 
 In a Sept. 10 post&nbsp;on X,&nbsp;Dmitry Buterin, the father of Vitalik Buterin, announced that his son's account has been compromised: 
 <blockquote>
 “Disregard this post, apparently Vitalik has been hacked. He is working on restoring access.” 
 </blockquote> 
 The post to which he was referring has since been deleted. It was allegedly made by the hackers on Buterin's <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a> to celebrate the arrival of "Proto-Danksharding on Ethereum." 
 The hacker shared a malicious link to an alleged free commemorative NFT available, enticing <a rel="noopener noreferrer nofollow" title="victims" href="https://thebittimes.com/tag/victims.html">victims</a> to connect their wallets, before ultimately leading to the <a rel="noopener noreferrer nofollow" title="victims" href="https://thebittimes.com/tag/victims.html">victims</a> losing all their funds. 
 <blockquote class="twitter-tweet"> 
 WARNING! I JUST LOST A FEW PUNKS! DON'T INTERACT! pic.twitter.com/lS4VvlHdVa— chiefeditor.eth@encyclopediagalactica.eth ohgod.et (@BokkyPooBah) September 9, 2023 
 </blockquote> 
 Consequently, this incident has led a user on platform X to claim they've suffered losses to their CryptoPunk NFT collection.&nbsp; 
 As of now, the prevailing minimum price for a CryptoPunk NFT stands at 46.99 Ethereum,&nbsp;which is approximately equivalent to $76,837. 
 Related:&nbsp;Blockchain Capital’s X account hacked to promote token claim scam 
 Blockchain investigator ZachXBT has been actively informing his 438,200 followers about the hacker's actions, which have led to the illicit <a rel="noopener noreferrer nofollow" title="draining" href="https://thebittimes.com/tag/draining.html">draining</a> of $691,000 from Buterin's followers through malicious links. 
 <blockquote class="twitter-tweet"> 
 Update: $691k drained (another 33% in drainer fee address) pic.twitter.com/AVIShqDlMU— ZachXBT (@zachxbt) September 9, 2023 
 </blockquote> 
 A user on X claimed that Buterin might not have implemented sufficient security measures for his X <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a>. 
 "I hate to be the one to say it, but Vitalik should take <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a>ability for his poor op-sec and compensate those affected," he stated, before implying that he believes Buterin's oversight led to the attack: 
 <blockquote>
 The only way this isn’t negligence on Vitalik part is if someone at X&nbsp;internally compromised the account, or if he was coerced in person by a criminal who threatened violence. I highly doubt that’s what happened.&nbsp; 
 </blockquote> 
 Magazine:&nbsp;How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in 
 <template data-name="subscription_form" data-type="crypto_biz"></template> 
</div> 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vitalik-buterin-s-x-account-hacked-draining-691k-from-victims-report-tbt62165.html">https://thebittimes.com/vitalik-buterin-s-x-account-hacked-draining-691k-from-victims-report-tbt62165.html</a>

Vitalik Buterin's X account hacked, draining $691K+ from victims : Report

TheBitTimes

Other articles published on Sep 10, 2023

FTX to Receive Approval to Liquidate $1.8 Billion Worth of These Crypto Assets: How Could It Affe...

Uzbekistan Sets Precedent with Comprehensive Crypto Regulation

Exploring Decentralized Autonomous Organizations (DAOs)

Elon Musk Under Fire for Allowing XRP Scam Posts to Proliferate

DeFi News That All Crypto Enthusiasts Should Definitely Know

Trade Perpetuals with up to 200x Leverage on Shido DeFi!

Join our free newsletter for daily crypto updates!