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Vitalik Buterin’s Twitter hack highlights the need for better security. The main issue is password recovery through SMS, which hackers use with SIM swapping. Social media account security isn’t as robust as financial platforms, so stay extra vigilant.

After Vitalik Buterin’s Twitter account was hacked over the weekend, there’s a growing demand for stronger security on social media platforms. Experts in the cryptocurrency industry are sharing their thoughts and advice.


On September 9, the co-founder of Ethereum, Vitalik Buterin, faced issues accessing his Twitter account due to this recent high-profile hack.

Buterin Hack Sparks Reaction

As reported by BeInCrypto, scammers used a fake link and NFT giveaway to trick people, earning nearly $700,000 in stolen NFTs. They did this by fooling victims who clicked on their deceptive link.

On September 10, Tim Beiko, an Ethereum core developer, warned that if your phone number is linked to your Twitter account, it can be used to reset your password. He suggested removing your phone number from your account and encouraged everyone to enable strong two-factor authentication (2FA), especially if your Twitter account has been around for a while.

He also reached out to Elon Musk, the owner of the platform, suggesting that it should be a default security feature, or at least automatically enabled for accounts with a certain number of followers, like 10,000.

Twitter X Settings Show How to Turn on Password Reset Protection

Using SMS for password recovery is a big problem for platform security. It’s not just a privacy issue; it’s a big help for hackers. They can look for accounts with linked phone numbers and target them for SIM swaps.

SIM swapping is a technique where hackers take control of someone’s phone number. Once they have it, they can use two-factor authentication to access bank accounts, social media profiles, and crypto exchange accounts.

A DeFi researcher with 63,000 followers mentioned that he’s reconsidering his security setup and emphasized the need to remove SMS two-factor authentication.

Binance CEO Changpeng Zhao also joined the call for stronger security measures over the weekend.

Recent Wave of Crypto Scams Raises Concerns

In the past month, there have been several instances of crypto scams causing trouble. Some of these attacks targeted FTX users through their company-registered email addresses. This happened shortly after a SIM-swapping attack affected Kroll, the claims agent involved in bankruptcy proceedings.

In July, the CEO and founder of Uniswap, Hayden Adams, had his Twitter account hacked. Scammers used it to post a fake link, warning Uniswap users about a token exploit.

Additionally, a major crypto phishing attack happened recently, where a large holder lost $24 million in stETH and rETH tokens. This exploit allowed the scammers to enable token approvals without the victim’s consent, resulting in significant losses.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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