BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Buterin Unveils X Account Hack Stemmed from SIM-Swap Attack

by Dan K
Sep 12, 2023 - 1:00 pm
in Blockchain
Infographic depicting Vitalik Buterin's Ethereum roadmap for 2024, highlighting major updates and strategic components.

SIM-Swap Attack: Buterin’s Recent Experience

Sharing his ordeal on Farcaster, a decentralized social media platform, Vitalik Buterin pointed fingers at the telecommunications service provider T-Mobile, for the breach in his X account security which resulted in the hacker taking control of his phone number.

Buterin stated: “Yes, it was a SIM swap, meaning that someone socially-engineered T-mobile itself to take over my phone number.”

This social engineering tactic not only allowed the hacker to reset the password of Buterin’s X account but also bypassed the necessity of utilizing it as a two-factor authentication (2FA) method.

Call for Enhanced Security

Post regaining control of his account, the Ethereum titan has since urged individuals to consider excising their phone numbers from their X accounts to amplify their security. He conceded not fully realizing the severity of security implications tied to phone number usage for authentication until this incident.

Buterin advised, “I had heard before that using phone numbers for 2FA is a bad idea, but I didn’t realize just how bad it was.”

The Fallout of the Breach

On September 9, the hacker leveraged Buterin’s X account to instigate a deceitful non-fungible token (NFT) giveaway, ensnaring unsuspecting users into a scam that resulted in a massive loss, exceeding $691,000.

SIM-swap attacks are increasingly becoming a tool for cybercriminals, granting them the means to override 2FA security measures and gain access to a variety of sensitive accounts.

Growing Concerns in the Crypto Space

The incident with Buterin is not solitary, as the crypto world grapples with a surge in phishing scams, often directed at notable personalities in the sector. Industry leaders are sounding alarms over the rampant fraudulent activities perpetuated through verified bots, posing significant risks to high-profile individuals and their followers.

Conclusion

As cyber-attacks continue to target high-profile figures, this recent breach underscores the pressing need to beef up digital security infrastructure. Individuals and platforms alike must heed this wake-up call to safeguard against potential threats and ensure a secure digital space for all users.

Tags: CyberAttackNFTTwitterVitalikButerin
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Brazil applies new flat crypto tax rate of 17.5% to all digital asset gains

Brazil Ends Crypto Tax Exemption, Imposes Flat 17.5% Rate on All Gains

June 16, 2025

Brazil scraps crypto tax break, enforces 17.5% flat rate on all gains, including self-custody and offshore holdings, starting...

KamAZ truck containing crypto mining rigs and transformer seized by Russian authorities

Russian Authorities Bust Truck-Based Crypto Mine Draining Village Power

June 14, 2025

Russian officials dismantled a crypto mine inside a truck stealing village power in Buryatia—marking the sixth illegal case...

Huione crypto laundering network continues operating despite FinCEN sanctions, with increasing transaction volume

Huione Crypto Laundering Network Thrives Despite Shutdown and Sanctions, Chainalysis Reports

June 13, 2025

Chainalysis reveals Huione's crypto laundering network remains active and growing post-sanctions, defying shutdown claims and U.S. regulatory action.

FSB Chair Klaas Knot speaks in Madrid on crypto's growing risks

FSB Warns Crypto Nearing ‘Tipping Point’ as Stablecoins Deepen TradFi Ties

June 12, 2025

FSB warns crypto could soon pose systemic risks as ETFs and stablecoins deepen its integration into traditional finance...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise