The exploit was used to post a fake NFT giveaway luring users to click on a malicious link that subsequently resulted in over $800,000 in losses.
Ethereum co-founder Vitalik Buterin confirmed that the recent hack of his X account was the result of a SIM-swap attack.
One of the key takeaways from Buterin’s experience was the vulnerability of Twitter’s account recovery system. Hethat even if a phone number is not used as a two-factor authentication method, it can still be leveraged to reset a Twitter account’s password.This revelation also underscores the security risks associated with relying on phone numbers for authentication despite prior advice cautioning against it.
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