If you’re looking for information about a recent incident involving a phishing attack and the loss of $700K in cryptocurrency and NFTs, then this SEO-friendly description will provide you with the key details. The attack occurred through Vitalik Buterin’s hacked X account, causing significant financial damage. Stay informed about the latest cybersecurity threats and protect your digital assets from similar attacks.

Vitalik Buterin’s Account Compromised in Phishing Attack

Ethereum co-founder Vitalik Buterin’s X account, formerly known as Twitter, was hacked on September 9th. The father of Vitalik, Dmitriy Buterin, confirmed the hack through his own X account.

The hacker behind the attack used Vitalik’s compromised account to promote a phishing link that targeted crypto and non-fungible token (NFT) wallets. According to on-chain expert ZachXBT, the hacker managed to drain approximately $691,000 worth of assets from victims.

The Phishing Attack

The phishing post, which has since been deleted, enticed victims by falsely claiming to celebrate the arrival of “Proto-Danksharding” on the Ethereum network. The hacker posted a link that purportedly allowed users to mint a free commemorative NFT within a 24-hour time limit.

Among the assets stolen in the attack was a CryptoPunk NFT owned by Ethereum developer Bok Khoo. This particular NFT was valued at 153 ETH, equivalent to around $250,000. The hacker has already sold most of the stolen NFTs, and the proceeds appear to be stored in their own wallet.

Vitalik Buterin’s Responsibility

A user on X blamed Vitalik for the attack, claiming that his negligence was the cause. The user argued that Vitalik should take accountability and compensate those affected. They compared this situation to a traditional financial platform, stating that if a founder of such a platform posted fraudulent links, they would be expected to remediate the situation or face legal consequences.

However, it is yet to be determined how the hack of Vitalik’s account occurred. Although the user suggested that it may have been a SIM swap attack, ZachXBT stated that it is too early to make that assumption. He proposed the possibility of an insider being paid off or the involvement of a well-coordinated team.

Consequences of the Attack

The phishing attack through Vitalik Buterin’s hacked X account resulted in a loss of around $700,000 worth of crypto and NFTs. This incident highlights the importance of enhancing security measures and staying vigilant in the crypto space.

Source: $700K in crypto and NFTs lost in phishing attack through Vitalik Buterin’s hacked X account

Original Article Published on: CryptoSlate