Surprisingly, the cryptocurrency community faced a series of security breaches when the X account of the fifth-largest Ethereum DApp-affiliated altcoin Rocket Pool (RPL) fell victim to unknown hackers on January 17. Attackers used the account to spread misinformation. It was reported about a breach in the platform’s smart contracts, causing confusion and panic among users.
Altcoin Rocket Pool’s account was compromised
On January 17, the Rocket Pool X account, a key component of the fifth-largest Ethereum DApp, was compromised by unidentified perpetrators. The attackers made a coordinated effort to spread misleading messages and falsely warn users of a supposed vulnerability in the platform’s smart contracts. Misleading posts encouraging users to transfer their assets to a new contract for security reasons caused chaos in the community. Meanwhile, Rocket Pool’s RPL altcoin project lost about 5 percent of its value.
The incident came to light within a few hours when deceptive messages appeared and disappeared from the Rocket Pool X account. At 18:30 UTC, users were alerted to an apparent vulnerability being exploited by bad actors, creating a sense of urgency to move assets. Rocket Pool quickly responded by issuing statements on alternative social media channels and urging users not to follow instructions in misleading posts.
SEC and Vitalik Buterin’s X accounts were also seized
Hacking of important accounts is not uncommon in the crypto space. Because about a week ago, the SEC’s Twitter (X) account was also compromised and the security chaos increased even more. Unauthorized shares in the SEC account prematurely announced the approval of spot Bitcoin exchange-traded fund (ETF) applicants. This caused temporary fluctuations in Bitcoin prices. The incident highlighted the vulnerability of high-profile accounts. He also emphasized that the SEC account did not have two-factor authentication at the time of the attack.
Coinciding with these events, the official Twitter account of Ethereum co-founder Vitalik Buterin became the target of hackers. A phishing link was published under the guise of a congratulatory message about Ethereum’s “Proto-Danksharding.” Fortunately, Buterin’s account was quickly recovered, reducing any potential damage from the phishing attempt. These consecutive security breaches of key crypto and financial accounts raise serious concerns about online security and misinformation in the crypto space. While Rocket Pool, SEC and Vitalik Buterin’s accounts were retrieved and corrected, the events reveal the vulnerability of even high-profile accounts to digital threats.
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