&lt;figure class="image"&gt;&lt;img src="https://cimg.co/news/124560/329042/adobestock-sergey-nivens-.jpg" srcset="https://cimg.co/news/124560/329042/responsive-images/adobestock-sergey-nivens-___media_library_original_1200_765.jpg 1200w, https://cimg.co/news/124560/329042/responsive-images/adobestock-sergey-nivens-___media_library_original_900_574.jpg 900w, https://cimg.co/news/124560/329042/responsive-images/adobestock-sergey-nivens-___media_library_original_720_459.jpg 720w, https://cimg.co/news/124560/329042/responsive-images/adobestock-sergey-nivens-___media_library_original_600_383.jpg 600w, https://cimg.co/news/124560/329042/responsive-images/adobestock-sergey-nivens-___media_library_original_300_191.jpg 300w" width="1200" class="content-img" alt=""&gt;&lt;figcaption&gt;Source: AdobeStock / Sergey Nivens&lt;/figcaption&gt;&lt;/figure&gt;&lt;p&gt;&lt;a href="https://cryptonews.com/coins/ethereum/"&gt;Ethereum (ETH)&lt;/a&gt;&amp;nbsp;co-founder&amp;nbsp;&lt;strong&gt;Vitalik Buterin&lt;/strong&gt;&amp;nbsp;has reportedly had his X (formerly Twitter) account compromised.&lt;/p&gt;&lt;p&gt;In a now-deleted tweet, the hacked account claimed that&amp;nbsp;&lt;strong&gt;Consensys&amp;nbsp;&lt;/strong&gt;will launch a commemorative NFT to celebrate the arrival of the Proto-Danksharding feature to Ethereum.&lt;/p&gt;&lt;p&gt;The hacker used Buterin's account to share a malevolent link, enticing victims with the promise of the free NFT.&amp;nbsp;&lt;/p&gt;&lt;p&gt;However, once victims connected their wallets, their funds were stolen.&lt;/p&gt;&lt;p&gt;On September 9,&amp;nbsp;&lt;strong&gt;Dmitry Buterin&lt;/strong&gt;, Vitalik's father, announced the hack on X and said that Vitalik was working on regaining control of his account.&amp;nbsp;&lt;/p&gt;&lt;p&gt;&amp;ldquo;Disregard this post, apparently Vitalik has been hacked. He is working on restoring access,&amp;rdquo; Vitalik's father said in the tweet.&amp;nbsp;&lt;/p&gt;&lt;figure class="media"&gt;&lt;oembed url="https://twitter.com/BokkyPooBah/status/1700649557926064520?s=20"&gt;&lt;/oembed&gt;&lt;/figure&gt;&lt;h2&gt;Users Fell Victim to the Scam&lt;/h2&gt;&lt;p&gt;The scam has led to significant financial losses for victims who fell prey and clicked on the malicious link.&amp;nbsp;&lt;/p&gt;&lt;p&gt;According to blockchain investigator ZachXBT, over $691,000 was collectively lost by individuals who clicked on the deceptive link.&lt;/p&gt;&lt;p&gt;He revealed that the most valuable NFT stolen so far was CryptoPunk #3983, valued at approximately $250,543.&lt;/p&gt;&lt;figure class="media"&gt;&lt;oembed url="https://twitter.com/zachxbt/status/1700650151298089374?s=20"&gt;&lt;/oembed&gt;&lt;/figure&gt;&lt;p&gt;A number of crypto users also reported that they lost some valuable NFTs to the scam.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;One X user, Satoshi 767, questioned Buterin's security measures and suggested that he should take responsibility for the incident.&amp;nbsp;&lt;/p&gt;&lt;p&gt;&amp;ldquo;I hate to be the one to say it, but Vitalik should take accountability for his poor op-sec and compensate those affected,&amp;rdquo; he stated, before implying that he believes Buterin&amp;rsquo;s oversight led to the attack.&lt;/p&gt;&lt;p&gt;"The only way this isn&amp;rsquo;t negligence on Vitalik part is if someone at X internally compromised the account, or if he was coerced in person by a criminal who threatened violence. I highly doubt that&amp;rsquo;s what happened. Most likely, this was a SIM swap."&lt;/p&gt;&lt;p&gt;However, ZachXBT countered these claims, highlighting that Buterin's high profile makes him a prime target for various hacking attempts.&amp;nbsp;&lt;/p&gt;&lt;p&gt;He emphasized that it is premature to conclude whether it was a SIM swap attack and pointed out the possibility of an insider or other forms of manipulation.&lt;/p&gt;&lt;h2&gt;Hacks and Rug Pulls Responsible For Loss of $1.2 Billion in 2023&lt;/h2&gt;&lt;p&gt;So far this year, Web3 platforms have&amp;nbsp;&lt;a href="https://cryptonews.com/news/web3-loses-12-billion-hacks-rug-pulls-so-far-2023-report.htm"&gt;lost over $1.2 billion&lt;/a&gt;&amp;nbsp;in hacks and rug pulls, according to a report from Web3 bug bounty platform Immunefi.&lt;/p&gt;&lt;p&gt;The report revealed a total of 211 separate incidents contributing to this massive sum, with the month of August alone accounting for $23.4 million in losses.&lt;/p&gt;&lt;p&gt;The surge in losses during August mostly contributed to projects hosted on the newly launched Ethereum Layer 2 Base network.&amp;nbsp;&lt;/p&gt;&lt;p&gt;As per the report, Ethereum faced the most significant number of attacks, with five distinct incidents affecting protocols built on the network.&amp;nbsp;&lt;/p&gt;

Ethereum Founder Vitalik Buterin Falls Victim to Twitter Hack – Beware of Shared Links

Cryptonews.com

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