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The X accounts of ZKsync and Matter Labs were hacked, with the attackers seemingly aiming to disrupt the ZK token by falsely claiming that U.S. authorities were investigating the platform
The X account of the Ethereum Layer 2 ZKsync and its developer Matter Labs was hacked early on May 13, with hackers falsely claiming that the network was under investigation by U.S. authorities, among other scam messages.
An X account linked to ZKsync posted on May 13, confirming that the accounts of ZKsync and Matter Labs had been hacked, warning users not to interact after the accounts shared links to a fake airdrop in an obvious phishing scam.
Other X users warned of the ZKsync X account hack. Source: pseudo
After that, both ZKsync and the hacked Matter Labs published a fake statement claiming that ZKsync was under investigation by the U.S. Securities and Exchange Commission and that the Treasury Department could impose sanctions on the platform.
Lynette Nolan, Head of Communications at Matter Labs, confirmed to Cointelegraph that the now-deleted X post "is not legitimate" and that both accounts "are now fully back under the team's control."
"Shoutout to the zksync hackers. Instead of crashing the token and stealing a few bucks, they decided to scare off the network hackers," posted Harrison LeGio, co-founder of the crypto startup g8keep, known as "Bob Bank," on X.
Source: Harrison LeGio
The fake statement appeared aimed at crashing the price of the platform's token, ZKsync
ZK
$0.07066
, which dropped by about 2% in the last hour amid the X account hack, according to CoinGecko.
The SEC has investigated cryptocurrency companies in the past, and many of these companies chose to publicly disclose when they were being investigated by the regulatory agency.
The SEC halted several of its investigations during the Trump administration, with companies like Crypto.com, Immutable, OpenSea, and RobinHood Crypto, among others, confirming that the agency ended the investigations.
ZK token dropped by 6.4% over the last day to trade at around 7 cents, retracting from an approximately 38.5% rise it achieved during the past week.
Related: U.S. indictment seeks two years in prison for SEC X account hacker
Nolan from Matter Labs said the company was investigating how the X accounts were hacked, believing it was done through "compromised delegated accounts," which allow users limited access to an X account, enabling them to post on its behalf.
Two hacks in two months
This is the second hack of platforms controlled by ZKsync since April.
On April 15, one attacker hacked the admin account of the ZKsync distribution contract and used a function to mint 111 million unclaimed ZK tokens, worth approximately $5 million at the time.
The hack occurred while the platform was distributing 17.5% of ZK supplies to ecosystem participants.
The attacker then returned 90% of the stolen tokens, agreeing to keep 10% as a reward