05/19/2024
BTC66,312.0
ETH3,074.89
USDT1.0
BNB574.72
SOL170.21
USDC1.0
XRP0.509645
DOGE0.149569
BUSD1.003
Last news
Buterin Revealed The Cause Of His X Account Hack
09/12/2023

Buterin Revealed The Cause Of His X Account Hack

09/12/2023
4,8

Ethereum co-founder Vitalik Buterin named the reason why hackers gained access to his page and defrauded his followers of $700,000.

Buterin posted on Farcaster that he had regained access to his T-mobile provider page and confirmed speculation about SIM card swapping. He clarified the provider itself had been compromised, causing the attackers to gain access to the phone number.

Simjacking is a common hacking attack method where an attacker gains access to the owner's phone number and then to the social media and banking apps. This is not the first time T-Mobile has faced this attack. In 2020, the company was sued for a user losing multi-million dollar in crypto assets as a result of his SIM card being compromised.



Meanwhile, Buterin pointed to a security flaw in the X platform itself, explaining that 2FA requires a phone number, which is enough to reset the password. However, he also admitted his fault for not taking the potential security issues seriously. He did not specify how the problem with deceived followers would be resolved.

After the incident, many prominent people once again spoke about how to protect oneself in such cases. Ethereum developer Tim Beiko recommended deleting their phone numbers from their accounts on the platform. He also asked the platform's management to address the security issue.


 


Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Vitalik Buterin


How useful is this article for you?
Thank you for your review!

Last news