The X account of Ethereum (CRYPTO: ETH) founder, Vitalik Buterin, was hacked, leading to a theft of over $690,000 from users who were lured into clicking a deceptive link.

Will Musk Embrace DOGE On X?  Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!

Dmitriy “Dima” Buterin, Vitalik’s father, was the first to publicly acknowledge the hack. The post has been removed since, but not before several victims reported losing access to their wallets’ funds. According to blockchain investigator @ZachXBT, the hacker initially made away with over $147,000, which later surged to $691,000.

See Also: Seasonal Tokens Vs. Litecoin: Navigating Crypto Halvings In 2023

Buterin has not yet commented on the incident. The exact number of users duped by this hack remains unclear.

Why It Matters: Last week a research paper by Buterin proposed enhancing trustworthiness and transparency in the cryptocurrency market. Despite proposing measures to weed out malicious crypto traders, Buterin’s own X, formerly Twitter, account fell prey to a security breach.

Photo by Alexey Smyshlyaev on Shutterstock.

Read Next: Discover Johnny Depp’s hidden talent that earned him $3.6 million in just a few hours and learn how you can tap into this opportunity to potentially boost your wealth too.