The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network was being probed by US authorities, among other scam messages. <\/p>\n
A ZKsync-related X account posted<\/a> on May 13, confirming the accounts for ZKsync and Matter Labs were compromised, warning users not to interact after the accounts shared links to a fake airdrop in an apparent phishing scam.<\/p>\n Other X users had warned the ZKsync X account was compromised. Source: <\/em>pseudo<\/em><\/a><\/p>\n The hacked ZKsync and Matter Labs then both<\/a> posted<\/a> a fake statement claiming ZKsync was under investigation by the US Securities and Exchange Commission and that the Treasury Department could impose sanctions on the platform.<\/p>\n Matter Labs communications head Lynnette Nolan confirmed to Cointelegraph that the now-deleted X post \u201cis not legit\u201d and both accounts are now \u201cfully back in the control of the team.\u201d<\/p>\n \u201cShoutout to the zksync hackers. Instead of dropping a token and stealing a few bucks they decided to scare the living shit out of onchain degens,\u201d crypto startup g8keep co-founder Harrison Leggio, who goes by \u201cPop Punk,\u201d posted<\/a> to X.<\/p>\n Source: <\/em>Harrison Leggio<\/em><\/a><\/p>\n The fake statement was seemingly aimed at crashing the price of the platform\u2019s self-titled token, ZKsync (ZK<\/a>), which has fallen around 2% in the last hour amid the X account breach, according<\/a> to CoinGecko.<\/p>\n The SEC has investigated crypto companies in the past, and many of these firms have chosen to publicly disclose when they\u2019ve been investigated by the regulator.<\/p>\n The SEC has stopped many of its probes<\/a> under the Trump administration, with Crypto.com, Immutable, OpenSea, and RobinHood Crypto, among others, confirming the agency had ended investigations.<\/p>\n ZK is down 6.4% over the last day to trade at around 7 cents, cooling from a nearly 38.5% rally it\u2019s enjoyed over the past week.<\/p>\n Related: <\/strong><\/em>US prosecutors want 2 years for SEC\u00a0X account hacker<\/strong><\/em><\/a><\/p>\n Matter Labs\u2019 Nolan said the firm was looking into how the X accounts were breached, and believed it was via \u201ccompromised delegated accounts,\u201d which allow users limited access to an X account, allowing them to post on its behalf. <\/p>\n It\u2019s the second compromise of ZKsync-controlled platforms since April. <\/p>\n On April 15, an attacker breached the admin account of ZKsync\u2019s airdrop distribution contract and used a function to mint 111 million unclaimed ZK tokens, worth approximately $5 million at the time.<\/p>\n The hack happened amid the platform handing out 17.5% of ZK\u2019s supply to ecosystem participants.<\/p>\n The attacker later returned 90% of the stolen tokens<\/a>, agreeing to keep 10% as a bounty.<\/p>\nTwo hacks in as many months<\/h2>\n