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Author: defioasis Last week, Vitalik Buterin’s Twitter account was hacked and used to post phishing links, resulting in user losses of over $690,000. After research, Slowmist Yuxian pointed out that the phishing group behind the theft of Vitalik’s Twitter is still related to the currently popular and rampant PinkDrainer. The hacking method might have been SIM swap or something similar. Two days later, Vitalik confirmed on the de centralized social media platform Farcaster that his Twitter account was indeed compromised via a SIM swap attack. He speculated that the vulnerability might have been exposed when he registered for Twitter Blue, revealing his phone number. He had previously seen advice against using phone numbers for identity verification but unfortunately did not heed it. Vitalik stated that he has since deleted Twitter and has joined Farcaster, where account recovery can be controlled through an Ethereum address. Farcaster is a de centralized protocol for building social a...

While centralized exchanges are thought to be safer and more efficient, proponents of de centralized platforms like Tim Shan insist that user experience on de centralized exchanges has improved. In addition, inherent benefits associated with de centralized exchanges such as the self-custody of assets make look more appealing than centralized exchanges. Decentralized Exchanges Closing the Gap Despite seemingly possessing the edge over centralized exchanges (cex), according to Tim Shan, the COO of Dexalot, decentralized platforms still come short when it comes to the number of users or the volumes traded. Part of the reason for this is that cex platforms are often perceived to be safer and perhaps much faster and cheaper to use than decentralized exchange (dex) platforms. Although being slower and more expensive is “not a good combination for dexs,” Shan insisted in his written responses sent to Bitcoin.com News that ongoing innovations and improvements are helping de ...