Vitalik Buterin, co-founder of Ethereum (ETH) had his X (formerly Twitter) account compromised, which, according to social media reports, resulted in victims losing over $691,000 through malicious links.
In a Sept. 10 post on X, Dmitry Buterin, the father of Vitalik Buterin, 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 to which he was referring has since been deleted. It was allegedly made by the hackers on Buterin’s account to celebrate the arrival of “Proto-Danksharding on Ethereum.”
The hacker shared a malicious link to an alleged free commemorative NFT available, enticing victims to connect their wallets, before ultimately leading to the victims losing all their funds.
WARNING! I JUST LOST A FEW PUNKS!
DON’T INTERACT! pic.twitter.com/lS4VvlHdVa
— firstname.lastname@example.org ohgod.et (@BokkyPooBah) September 9, 2023
Consequently, this incident has led a user on platform X to claim they’ve suffered losses to their CryptoPunk NFT collection.
As of now, the prevailing minimum price for a CryptoPunk NFT stands at 46.99 Ethereum, which is approximately equivalent to $76,837.
Related: Blockchain Capital’s X account hacked to promote token claim scam
Blockchain investigator ZachXBT has been actively informing his 438,200 followers about the hacker’s actions, which have led to the illicit draining of $691,000 from Buterin’s followers through malicious links.
Update: $691k drained (another 33% in drainer fee address) pic.twitter.com/AVIShqDlMU
— ZachXBT (@zachxbt) September 9, 2023
This is a developing story, and further information will be added as it becomes available.
Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in