Why the Middle East is being left behind by global climate finance plans 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Infosys Shares Drop Amid Earnings Quality Concerns 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
How the UK’s rollback of banking regulations could risk another financial crisis 
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
