HomeBlockchainZKSync X Hacker publishes false SEC probe in obvious efforts to crash...

ZKSync X Hacker publishes false SEC probe in obvious efforts to crash token

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The X -representation of the Ethereum Layer 2 ZKSync and its developer matter -Labor were affected on May thirteenth on May thirteenth, whereby Hacker incorrectly claimed by the US authorities of US authorities.

An X account published on May thirteenth in reference to ZKSync, which confirms the accounts for ZKKSYNC and MATTER Labs, were endangered. The users warn to not interact after the accounts had shared the left to a fake airdrop in an apparent phishing fraud.

Other X users had warned that the ZKKSYNC X account was endangered. Source: pseudo

The chopped ZKSync and Matter Labs have each published a fake explanation wherein ZKKSync was examined by the US security and Exchange Commission and that the financial department could impose sanctions on the platform.

Labs Labs Communications Head Lynnette Nolan confirmed CoinTelegraph that the now deleted X-Post is “not legitimate” and that each accounts at the moment are “completely back within the control of the team”.

“Call to the ZKSync hackers. Instead of falling a token and stealing just a few dollars, they decided to frighten the vigorous shit from Onchain Degens”, Harrison Leggio, co-founder of Crypto Startup G8keep, the “pop-punk” bonuser, written on X.

Source: Harrison Leggio

The fake explanation apparently geared toward overthrowing the worth of the self-titled tokens ZKSync (ZK) of the platform, which, based on Coingecko within the last hour, fell by around 2% within the last hour in the midst of the X account injury.

The SEC has examined crypto firms previously, and lots of of those firms have decided to publicly disclose in the event that they were examined by the regulatory authority.

The SEC has stopped lots of its probes under the Trump administration, whereby, amongst others, Crypto.com, unchangeable, Openea and Robinhood Crypto, confirmed that the agency had ended investigations.

ZK sank by 6.4% within the last day to act with around 7 cents and cools down from a rally of virtually 38.5% that enjoyed it last week.

Nolan from Matter Labs said the corporate examined how the X accounts were broken and believed that this was “endangered delegate accounts” that enable users to enable access to an X account to a limited extent in order that they’ll post their name.

Two hacks in so many months

It has been the second compromise of ZKKSYNC-controlled platforms since April.

On April 15, an attacker violated the Airdrop sales contract from ZKSYNC and used a function to minken 111 million not claimed ZK tokens with a worth of around 5 million dollars at this time limit.

The hack occurred in the midst of the platform, which spends 17.5% of the ZK offer to ecosystem participants.

The attacker later returned 90% of the stolen tokens and agreed to maintain 10% as a bounty.

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