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Buterin Twitter Hack Dupes Users Out of $690K in Ethereum

  • Ethereum creator Vitalik Buterin's Twitter account was hacked, posting a fake link that stole over $690,000 from users.

  • The malicious link prompted users to connect wallets to mint NFTs, but actually allowed the hacker to steal funds.

  • Over $147,000 was initially stolen, quickly rising to $690,000 total according to investigators.

  • Buterin has not publicly commented on the hack, but his father acknowledged it before the post was deleted.

  • The incident raises questions around Twitter's security and whether victims should be compensated by developers.

decrypt.co
Relevant topic timeline:
A recent study conducted by the Observatory on Social Media at Indiana University revealed that X (formerly known as Twitter) has a bot problem, with approximately 1,140 AI-powered accounts that generate fake content and steal selfies to create fake personas, promoting suspicious websites, spreading harmful content, and even attempting to steal from existing crypto wallets. These accounts interact with human-run accounts and distort online conversations, making it increasingly difficult to detect their activity and emphasizing the need for countermeasures and regulation.
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Twitter is plagued by scam bots that impersonate users and offer fraudulent support for cryptocurrency and NFT services, highlighting the platform's lack of effective moderation and the growing problem of crypto scams.
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