Ethereum dips after founder Vitalik Buterin’s Twitter account gets hacked

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Ethereum dips after founder Vitalik Buterin’s Twitter account gets hacked
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Vitalik Buterin's Twitter gets hacked. Ethereum price dips following the breach, while non-zero ETH addresses reach a record high.

to Vitalik Buterin’s Twitter account by a technique known as SIM swap. This technique involves transferring a phone number from one SIM card to another, often accomplished through cooperation or fraud with mobile carriers.

Unauthorized SIM swaps can lead to identity theft and unauthorized access to online accounts, posing severe risks to individuals’ assets and personal information.This breach of safety could impact the sentiment around ETH as well. According to Santiment’s data, the weighted sentiment around ETH declined materially over the last few days.Additionally, Ethereum’s price experienced a decline as well. At the time of writing, Ethereum was trading at $1623, signaling a drop in value.

However, despite the price downturn, the number of Ethereum addresses holding non-zero balances continued to grow. Glassnode data revealed that the number of non-zero addresses reached an all-time high of 105,721,874.

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