Ethereum Co-Founder Vitalik Buterin Recovers from SIM-Swap Attack on Twitter Account, Provides Insights and Recommendations.
Summary:
Ethereum co-founder Vitalik Buterin confirms SIM-swap attack on his Twitter account, shares lessons learned from the experience. Hackers took control of his T-Mobile account, allowing them to access his phone number and compromise his Twitter account. Buterin advises users to remove phone numbers from Twitter to enhance security. The incident involved scammers conducting a fake NFT giveaway, resulting in a loss of $691,000. SIM-swap attacks enable hackers to gain access to social media, bank, and crypto accounts through two-factor authentication. T-Mobile has previously faced similar attacks, leading to a lawsuit and theft of $8.7 million worth of crypto.
The co-founder of Ethereum, Vitalik Buterin, has confirmed that the recent hacking incident on his Twitter account was the result of a SIM-swap attack. Buterin revealed on the decentralized social media network, Farcaster, that he has successfully regained control of his T-Mobile account after falling victim to the hacker's scheme. In a statement, Buterin acknowledged that the hacker utilized social engineering tactics to manipulate T-Mobile into transferring his phone number. He also shared his personal insights from the incident, highlighting that a phone number alone can be used to reset a Twitter account, even without being used for two-factor authentication. Buterin recommended users to completely remove their phone numbers from their Twitter accounts. The hacking incident, which occurred on September 9, involved scammers taking over Buterin's Twitter account and tricking users into participating in a fake NFT giveaway, resulting in a collective loss of $691,000. SIM-swap attacks are techniques employed by hackers to take control of a victim's mobile phone number, thereby gaining access to their social media, banking, and cryptocurrency accounts using two-factor authentication. T-Mobile has previously faced legal action for alleged involvement in similar attacks, with $8.7 million worth of cryptocurrency being stolen in 2020.
Published At
9/12/2023 3:51:55 AM
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