July 21, 2024
Vitalik Buterin's Twitter Account Hacked in $691,000 SIM Swap Attack
Altcoins News

Vitalik Buterin’s Twitter Account Hacked in $691,000 SIM Swap Attack

Hackers managed to hijack Vitalik Buterin’s Twitter account last week and plunder $691,000 from his followers. Buterin has revealed the specifics of how they did it.

The co-founder of Ethereum informed followers on the decentralized social network Farcaster that hackers had gained control over his account and his 4.9 million followers after tricking Twitter into changing his password using a SIM swap assault.

“It was a SIM swap, meaning that someone socially engineered T-Mobile itself to take over my phone number,” commented Buterin.

Buterin claimed that the social network, now known as X after Elon Musk acquired it last year, used a phone number to retrieve an account, which made the breach easier. He said, “A phone number is sufficient to password reset a Twitter account even if not used as 2FA,” noting that users may “completely remove [a] phone from Twitter.”

Buterin acknowledged that he might have had to enter his phone number to sign up for X’s Twitter Blue verification scheme, though he couldn’t recall doing so exactly.

He continued by discussing Farcaster’s improved security and its usage of Ethereum addresses as a superior method of preventing account compromise.

“Glad to be a farcaster, where my account recovery can be controlled by a good, wholesome Ethereum address :)” Buterin stated gladly.

On September 9, the vulnerability was exploited to publish a false NFT giveaway that led consumers to click on a harmful link, which caused those victims to lose more than $690,000.

Crypto The false link was quickly reported by Twitter users, but his dad, Dmitriy “Dima” Buterin, appeared to be the first to admit that Buterin had been hacked.

The hackers used the attack to obtain an NFT from the Vitalik Elementals collection, which they later gave to Buterin. The group responsible for the NFT collection compensated the victim with a different NFT.

The Buterin household has been a target of Twitter hackers previously.

Natalia Ameline, Vitalik’s mother, was involved in a Twitter prank in August of this year. Ameline oversees investor relations and general DAC operations for Metis, an Ethereum layer-2 scaling solution. On Twitter, the project was hijacked and used to send fraudulent links that allowed some followers’ wallets to be stolen.

Image: Wallpapers.com

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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