Ethereum dips after founder Vitalik Buterin’s Twitter account gets hacked

by ChainChirp
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  • 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 by way of 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 considerations throughout the cryptocurrency group and will probably impression 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.

Supply: X/twitter

The hacker’s actions on Vitalik’s account instantly raised alarms, prompting a warning from PeckhieldInc, a cybersecurity firm specializing within the crypto sector.

Nonetheless, it’s price 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 secure palms.

The monetary implications of this safety breach had been substantial. It’s estimated that the hacker managed to steal funds exceeding $100,000 by way of this assault. An examination of the pockets’s holdings revealed a stability of $397,138.21 on the time of discovery.


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The vast majority of belongings held by the hacker within the compromised pockets are in ETH, adopted by different tokens like ATOR, wrapped ETH, USDC, and BNB.

Supply: Arkham Intelligence

Apparently, the hacker gained access to Vitalik Buterin’s Twitter account by a way often called SIM swap. This method includes transferring a telephone quantity from one SIM card to a different, usually achieved by way of cooperation or fraud with cell carriers.

Unauthorized SIM swaps can result in id theft and unauthorized entry to on-line accounts, posing extreme dangers to people’ belongings and private info.

How is ETH doing?

This breach of security might impression the sentiment round ETH as effectively. In keeping with Santiment’s knowledge, the weighted sentiment round ETH declined materially over the previous few days.

Practical or not, right here’s ETH’s market cap in BTC phrases

Moreover, Ethereum’s value skilled a decline as effectively. 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.

Supply: Santiment

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