Riding The Wave News Summary 180
Vitalik Buterin’s X account hacked, over $691K drained from victims’ wallets, G20 moves forward with international crypto framework, & more
Welcome to Riding The Wave. If you have questions or feedback, please reply to this email. If you are new to the Newsletter, please check out what we provide on our about page and consider subscribing. Within the Newsletter, I provide News Summaries, Weekly Status Updates, & Deep Dive Articles on Specific Topics (Ex: How do I pick which coins/tokens to buy?). More details here
News
Table of Contents
Tweets
Vitalik Buterin’s X account hacked, over $691K drained from victims’ wallets
DC doesn't realize how powerful crypto voting is — Brian Armstrong
Congressman pushes for limits on SEC crypto enforcement funds
Tweets
https://twitter.com/CryptoMichNL/status/1700443089872056493
https://twitter.com/KobeissiLetter/status/1700541997570760973
Vitalik Buterin’s X account hacked, over $691K drained from victims’ wallets
Vitalik Buterin, Ethereum’s co-founder, allegedly had his X (formerly Twitter) account compromised. According to prominent blockchain investigator ZachXBT, the incident has led to victims collectively losing over $691,000 after clicking on a malicious link.
In a Sept. 9 post on X, Dmitry Buterin, the father of Vitalik, announced that his son’s account had been compromised:
“Disregard this post, apparently Vitalik has been hacked. He is working on restoring access.”
The hacker shared a malicious link to an alleged free commemorative nonfungible token (NFT) available, enticing victims to connect their wallets before ultimately stealing all their funds.
G20 moves forward with international crypto framework
Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets.
According to local reports in New Delhi — where the group members are attending a two-day summit — the framework will facilitate information exchange between countries beginning in 2027.
“We call for the swift implementation of the Crypto-Asset Reporting Framework (CARF) and amendments to the CRS [Common Reporting Standard]. We ask the Global Forum on Transparency and Exchange of Information for Tax Purposes to identify an appropriate and coordinated timeline to commence exchanges by relevant jurisdictions,” stated a consensus declaration signed by G20 leaders.
Several countries would be affected by the upcoming framework, including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States, as well as the European Union. Two-thirds of the world’s population lives in a G20 country.
Under the proposed framework, countries would automatically exchange information on crypto transactions between jurisdictions annually, covering transactions on unregulated crypto exchanges and wallet providers.
DC doesn't realize how powerful crypto voting is — Brian Armstrong
Keep reading with a 7-day free trial
Subscribe to Riding The Wave to keep reading this post and get 7 days of free access to the full post archives.