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# Vitalik Buterin Hacked: SIM Swap Behind $691,000 Theft
- URL: https://altcoininvestor.com/vitalik-buterin-hacked/
- Published: 2023-09-13T17:46:08.000Z
- Updated: 2023-09-13T17:46:08.000Z
- Description: Vitalik Buterin, the co-founder of Ethereum, recently disclosed the hacking of his X account.
- Author: Paul Andrews
- Tags: Crypto Hacks, Ethereum (ETH), Latest Crypto News

Vitalik Buterin, the co-founder of Ethereum, recently disclosed the hacking of his X account. 

He made this revelation on Farcaster, a decentralized social media platform, on September 12th, stating that he fell victim to a SIM swap attack.

![](https://cdn.getmidnight.com/13448471d89a9cd8d7f71026a0334ec8/2023/09/socially-engineered-T-mobile-itself-to-take-over-my-phone-number---.png)

[Link](https://warpcast.com/vitalik.eth/0xb23618)

## Details of the $691,000 Heist

On September 9th, malefactors gained control over Buterin's X account, promoting a fraudulent link that claimed to introduce commemorative non-fungible tokens (NFTs) by software giant Consensys. 

This deceptive link led to the theft of $691,000 in assets from several of Buterin's 4.9 million followers who believed they were acquiring genuine commemorative NFTs.

An X platform user, Satoshi\_767, suggested that the breach was a result of a SIM swap attack, a method where hackers seize a victim's mobile number to gain unauthorized access to various accounts. 

However, this hypothesis faced skepticism from [ZachXBT](https://twitter.com/zachxbt), an on-chain detective, who believed that Buterin's stature in the crypto realm made him susceptible to diverse attack vectors. 

Buterin later confirmed on Farcaster that the breach was indeed a SIM swap attack and that he had regained control of his T-Mobile account.

Buterin also cautioned users to unlink their phone numbers from X, emphasizing that phone numbers alone could facilitate password resets, thereby bypassing two-factor authentication (2FA) safeguards.

![](https://cdn.getmidnight.com/13448471d89a9cd8d7f71026a0334ec8/2023/09/meaning-that-someone-socially-engineered-T-mobile-itself-to-take-over-my-phone-number---.png)

[Link](https://warpcast.com/vitalik.eth/0xb23618)

## Rising Trend of SIM Swap Attacks

Buterin's ordeal is a testament to the escalating number of SIM swap attacks targeting crypto enthusiasts and industry leaders. In a similar incident in August, Bart Stephens, the co-founder of Blockchain Capital, lost assets worth over $6.3 million due to a SIM swap attack. The Gutter Cat Gang NFT initiative also suffered a setback in July when they lost control of their X account, resulting in a loss of NFTs valued at $765,000.

![](https://cdn.getmidnight.com/13448471d89a9cd8d7f71026a0334ec8/2023/09/image-12.png)

[X](https://twitter.com/zachxbt)

[ZachXBT](https://twitter.com/zachxbt) highlighted the severity of the issue, noting that in the past four months, a staggering $13.3 million was lost in 54 separate SIM swap attacks. He also criticized the 2FA system, advocating for the adoption of authenticator apps or security key mechanisms.