It has been learned that the X, formerly Twitter, account of Ethereum co-founder Vitaik Buterin was hacked by malicious actors. They have managed to steal cryptocurrencies and non-fungible tokens worth $700,000 from unsuspecting victims. Classified as a phishing attack, it was carried out solely with the intention of draining cryptos and NFTs from users for resale purposes.
Per reports made available by ZachXBT, the total theft of $700,000 includes CyberPunk NFT, which is approximately worth $250,000. This roughly translates to 153 ETH.
Malicious actors took over the X account of Vitalik and urged his followers to click on a link to mint an NFT. It, however, redirected them to a website that drained their resources. The attack was carried out with Pink Drainer software. Most of the NFTs have been sold, and a lot of funds have been kept in the wallet of the hacker. It is unclear if a single individual was behind this theft or if it was work done by an entire team.
Alternatively, there is a possibility that the creators of the drainer software themselves carried out this digital attack.
To elaborate a bit more on drainer software, there is an underworld market for drainer software. This is not the first time they have utilized the Pink Drainer software. The details of the previous attack are being investigated, and it is clear that the wallets of the attacker and the victim interacted.
What paves the way for suspicion that the creator of the software could have been behind such an attack is the history of developers who chose to go rogue instead of selling their creations to someone else. If the software is sold, developers have a right to earn rewards after the software has been successfully deployed.
It sounds pukish, probably because it is what it is. Attackers tend to pose as journalists who are associated with crypto media organizations. Once they gain access, they ask their targets to bookmark the document to gain a foothold.
Those who possess cryptocurrencies and NFTs can safeguard their accounts by storing their assets in a cold wallet. Hot wallets are more vulnerable to these types of attacks.
With no surprise in any form, the trading value of ETH has gone down by 0.62% in the last 24 hours. The token is now available for $1,606.72. As predicted in our Bitcoin forecast, BTC has also slipped to touch the mark of $25,786.70, a downfall of 0.17%.
Euler Finance recently suffered from a similar attack. The only difference is that it was a bug report that caused the loss of almost $200 million. Most of the fund has been recovered by the team. It has been assured that the consequence of fixing a bug was unintentional.
