Oil Prices Climb as U.S. Cold Snap, Dollar Weakness Tighten Supply Outlook 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Puma’s Historic Rivalry With Adidas Enters a New Era as Anta Deal Signals Turnaround Push 
Woodside Energy Flags Lower 2026 Production Outlook Despite Strong Q4 Revenue Beat 
Google Disrupts Major Residential Proxy Network IPIDEA 
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
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
