{"id":129107,"date":"2025-05-13T02:15:56","date_gmt":"2025-05-13T02:15:56","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129107"},"modified":"2025-05-13T02:15:56","modified_gmt":"2025-05-13T02:15:56","slug":"zksync-x-hacker-posts-false-sec-probe-in-apparent-effort-to-crash-token","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129107","title":{"rendered":"ZKsync X hacker posts false SEC probe in apparent effort to crash token"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe 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.<br \/>\nA ZKsync-related X account posted 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.<br \/>\nOther X users had warned the ZKsync X account was compromised. Source: pseudoThe hacked ZKsync and Matter Labs then both posted 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.<br \/>\nMatter 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<br \/>\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 to X.<br \/>\nSource: Harrison LeggioThe fake statement was seemingly aimed at crashing the price of the platform\u2019s self-titled token, ZKsync (ZK), which has fallen around 2% in the last hour amid the X account breach, according to CoinGecko.<br \/>\nThe 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.<br \/>\nThe SEC has stopped many of its probes under the Trump administration, with Crypto.com, Immutable, OpenSea, and RobinHood Crypto, among others, confirming the agency had ended investigations.<br \/>\nZK 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.<br \/>\nRelated: US prosecutors want 2 years for SEC\u00a0X account hacker<br \/>\nMatter 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.<br \/>\nTwo hacks in as many months<br \/>\nIt\u2019s the second compromise of ZKsync-controlled platforms since April.<br \/>\nOn 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.<br \/>\nThe hack happened amid the platform handing out 17.5% of ZK\u2019s supply to ecosystem participants.<br \/>\nThe attacker later returned 90% of the stolen tokens, agreeing to keep 10% as a bounty.<br \/>\nMagazine: ZK-proofs are bringing smart contracts to Bitcoin \u2014 BitcoinOS and Starknet<a href=\"https:\/\/cointelegraph.com\/news\/zksync-x-account-hack-falsely-claim-sec-probe-bid-crash-token?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129107"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129107"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129107\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129107"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}