<![CDATA[<figure class="image"><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=""><figcaption>Source: AdobeStock / Sergey Nivens</figcaption></figure><a href="https://cryptonews.com/coins/ethereum/">Ethereum (ETH)</a>&nbsp;co-founder&nbsp;Vitalik Buterin&nbsp;has reportedly had his X (formerly Twitter) account compromised.In a now-deleted tweet, the hacked account claimed that&nbsp;Consensys&nbsp;will launch a commemorative NFT to celebrate the arrival of the Proto-Danksharding feature to Ethereum.The hacker used Buterin's account to share a malevolent link, enticing victims with the promise of the free NFT.&nbsp;However, once victims connected their wallets, their funds were stolen.On September 9,&nbsp;Dmitry Buterin, Vitalik's father, announced the hack on X and said that Vitalik was working on regaining control of his account.&nbsp;&ldquo;Disregard this post, apparently Vitalik has been hacked. He is working on restoring access,&rdquo; Vitalik's father said in the tweet.&nbsp;<figure class="media"><oembed url="https://twitter.com/BokkyPooBah/status/1700649557926064520?s=20"></oembed></figure><h2 id="users-fell-victim-to-the-scam">Users Fell Victim to the Scam</h2>The scam has led to significant financial losses for victims who fell prey and clicked on the malicious link.&nbsp;According to blockchain investigator ZachXBT, over $691,000 was collectively lost by individuals who clicked on the deceptive link.He revealed that the most valuable NFT stolen so far was CryptoPunk #3983, valued at approximately $250,543.<figure class="media"><oembed url="https://twitter.com/zachxbt/status/1700650151298089374?s=20"></oembed></figure>A number of crypto users also reported that they lost some valuable NFTs to the scam.&nbsp;&nbsp;One X user, Satoshi 767, questioned Buterin's security measures and suggested that he should take responsibility for the incident.&nbsp;&ldquo;I hate to be the one to say it, but Vitalik should take accountability for his poor op-sec and compensate those affected,&rdquo; he stated, before implying that he believes Buterin&rsquo;s oversight led to the attack."The only way this isn&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&rsquo;s what happened. Most likely, this was a SIM swap."However, ZachXBT countered these claims, highlighting that Buterin's high profile makes him a prime target for various hacking attempts.&nbsp;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.<h2 id="hacks-and-rug-pulls-responsible-for-loss-of-1-2-billion-in-2023">Hacks and Rug Pulls Responsible For Loss of $1.2 Billion in 2023</h2>So far this year, Web3 platforms have&nbsp;<a href="https://cryptonews.com/news/web3-loses-12-billion-hacks-rug-pulls-so-far-2023-report.htm">lost over $1.2 billion</a>&nbsp;in hacks and rug pulls, according to a report from Web3 bug bounty platform Immunefi.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.The surge in losses during August mostly contributed to projects hosted on the newly launched Ethereum Layer 2 Base network.&nbsp;As per the report, Ethereum faced the most significant number of attacks, with five distinct incidents affecting protocols built on the network.&nbsp;
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Ethereum Founder Vitalik Buterin Falls Victim to Twitter Hack – Beware of Shared Links

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