ETH Bounces as Shorts Cover, Yet ETF Bleed Warns $1,850 Resistance Won’t Break 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
How the UK’s rollback of banking regulations could risk another financial crisis 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
FxWirePro- Major Crypto levels and bias summary 
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure 
China Eastern Orders 25 Airbus A330neo Jets in $9.35 Billion Deal to Boost International Expansion 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war? 
Tech Stocks Rally in Asia-Pacific as Dollar Remains Resilient 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
Ethereum co-founder Vitalik Buterin revealed that his X account (Twitter) was compromised, leading followers into a phishing trap. Many lost NFTs and digital assets after believing a fake Ethereum NFT announcement from the breached account.
The post turned out to be fake, and people who responded were directed to a phishing site. In the end, they lost their digital assets, and as per estimate, the stolen tokens involved in the account breach incident reached more than $691,000. Now, Buterin revealed shocking information about his recent hacking experience. He said that a SIM swap caused the incident.
The 29-year-old Ethereum executive explained he was a victim of a SIM-Swap attack where the perpetrators gained access and controlled his X account without authorization. As per CoinTelegraph, Buterin told Farcaster, a decentralized social media network, that he was able to recover his T-Mobile account after the SIM swap.
"Yes, it was a SIM swap, meaning that someone socially engineered T-Mobile itself to take over my phone number," Buterin shared. "A phone number is sufficient to password reset a Twitter account even if not used as 2FA. I had seen the 'phone numbers are insecure, don't authenticate with them' advice before, but did not realize this."
He said he learned through the incident that users can "completely remove a phone from Twitter." In any case, a SIM swap is also called a sim jacking attack because hackers use a special technique to gain control of someone's mobile phone number. Once the crooks take over the number, they can use two-factor authentication (2FA) to easily access the victim's bank account, social media, crypto accounts, and others.
Meanwhile, Coinnounce mentioned that this is not the first time T-Mobile got involved in a hacking attack. The telecom firm made headlines in 2020 after being sued for allegedly allowing a theft where $8.7 million worth of crypto was taken. In 2021, another SIM-swap attack occurred, and a customer lost $450,000 in Bitcoin in this episode.
Photo by: BoliviaInteligente/Unsplash
