Vitalik Buterin's X account hacked, draining over $691K from victims' wallets

Vitalik Buterin has reportedly had his X (formerly Twitter) account compromised, resulting in victims being enticed to click on a malicious link that has caused losses exceeding $691,000.
Ciaran Lyons
Posted by Ciaran Lyons September 10, 2023 2 Mins Read
Vitalik Buterin has reportedly had his X (formerly Twitter) account compromised, resulting in victims being enticed to click on a malicious link that has caused losses exceeding $691,000.

Vitalik Buterin, co-founder of Ethereum (ETH) has allegedly had his X (formerly Twitter) account compromised. According to prominent blockchain investigator ZachXBT, the incident has led to victims collectively losing over $691,000 after clicking on a malicious link.

In a Sept. 9 post on X, Dmitry Buterin, the father of Vitalik, announced that his son's account has been compromised:

“Disregard this post, apparently Vitalik has been hacked. He is working on restoring access.”

The post he was referring to has since been deleted. It was published on Buterin's account claiming to celebrate the arrival of "Proto-Danksharding coming  Ethereum."

The hacker shared a malicious link to an alleged free commemorative non-fungible token (NFT) available, enticing victims to connect their wallets, before ultimately stealing all their funds.

Consequently, this incident has led to Ethereum developer Bok Khoo, better known as 'Bokky Poobah' on X, to claim he has suffered losses in his CryptoPunk NFT collection. 

At the time of publication, the prevailing floor price for a CryptoPunk NFT stands at 46.99 Ether, which is approximately equivalent to $76,837.

Related: Blockchain Capital’s X account hacked to promote token claim scam

ZachXBT has been actively informing his 438,200 followers about the hacker's activities. He recently shared that the most valuable NFT pilfered so far is "CryptoPunk #3983," worth 153.62 Ether, equivalent to approximately $250,543.

A user with the alias "Satoshi 767" on X claimed that Buterin might not have implemented sufficient security measures for his X account.

"I hate to be the one to say it, but Vitalik should take accountability for his poor op-sec and compensate those affected," he noted, before implying that he believes Buterin's oversight led to the attack:

The only way this isn’t negligence on Vitalik part is if someone at X internally compromised the account, or if he was coerced in person by a criminal who threatened violence. I highly doubt that’s what happened. Most likely, this was a SIM swap.

However, ZachXBT challenged these allegations, asserting that Buterin's high profile makes him susceptible to various forms of hacking attempts:

"You do not know yet whether it was a SIM swap. Vitalik is a big enough target to where an insider could have been paid off or panel was used," ZachXBT stated.

Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

Tags: