- Within the guise of an NFT promotion, a hacker connected 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 throughout the cryptocurrency group and will doubtlessly influence 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, connected 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 consultants 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 protected fingers.
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 will probably be.
Hacker deal with:
— Yazan (@YazanXBT) September 9, 2023
Apparently, the hacker gained access to Vitalik Buterin’s Twitter account by a way often called SIM swap. This system includes transferring a telephone quantity from one SIM card to a different, typically achieved via cooperation or fraud with cell carriers.
Unauthorized SIM swaps can result in identification theft and unauthorized entry to on-line accounts, posing extreme dangers to people’ property and private info.
How is ETH doing?
This breach of security may influence the sentiment round ETH as nicely. In keeping with Santiment’s knowledge, the weighted sentiment round ETH declined materially over the previous couple of days.
Reasonable or not, here’s ETH’s market cap in BTC terms
Moreover, Ethereum’s worth skilled a decline as nicely. 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.