- Within the guise of an NFT promotion, a hacker hooked up a phishing hyperlink to the tweet.
- It was estimated that the hacker managed to steal funds exceeding $100,000 via this assault.
In a latest flip of occasions, Vitalik Buterin, the co-founder of Ethereum [ETH], fell sufferer to a hacking incident involving his Twitter account. This breach of safety raised issues inside the cryptocurrency group and will doubtlessly affect the sentiment surrounding Ethereum.
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What the hack
The hacking incident concerned the unauthorized use of Vitalik Buterin’s Twitter account. The attacker, within the guise of selling an NFT assortment related to the agency ConsenSys, hooked up a phishing hyperlink within the tweet.
The hacker’s actions on Vitalik’s account instantly raised alarms, prompting a warning from PeckhieldInc, a cybersecurity firm specializing within the crypto sector.
— PeckShield Inc. (@peckshield) September 9, 2023
Nonetheless, it’s value noting that the swift response of the crypto group and cybersecurity specialists resulted within the removing of the malicious tweets from Vitalik’s account. On the time of writing, it appeared that Vitalik’s Twitter account was again in secure arms.
The monetary implications of this safety breach have been substantial. It’s estimated that the hacker managed to steal funds exceeding $100,000 via this assault. An examination of the pockets’s holdings revealed a stability of $397,138.21 on the time of discovery.
So way over $100,000 in stolen funds.
The extra you unfold consciousness messages, the much less victims there can be.
— Yazan (@YazanXBT) September 9, 2023
The vast majority of property held by the hacker within the compromised pockets are in ETH, adopted by different tokens like ATOR, wrapped ETH, USDC, and BNB.
Apparently, the hacker gained access to Vitalik Buterin’s Twitter account by a method often known as SIM swap. This method includes transferring a telephone quantity from one SIM card to a different, typically completed via cooperation or fraud with cellular carriers.
Unauthorized SIM swaps can result in id theft and unauthorized entry to on-line accounts, posing extreme dangers to people’ property and private data.
How is ETH doing?
This breach of security may affect the sentiment round ETH as properly. In keeping with Santiment’s knowledge, the weighted sentiment round ETH declined materially over the previous couple of days.
Sensible or not, right here’s ETH’s market cap in BTC phrases
Moreover, Ethereum’s value skilled a decline as properly. On the time of writing, Ethereum was buying and selling at $1623, signaling a drop in worth.
Nonetheless, regardless of the worth downturn, the variety of Ethereum addresses holding non-zero balances continued to develop. Glassnode knowledge revealed that the variety of non-zero addresses reached an all-time excessive of 105,721,874.