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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 network 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 ZKsync and Matter Labs accounts had been hacked, warning users not to interact after the accounts shared links to a fake airdrop in a clear phishing scam.
Other X users warned of the hacking of the ZKsync X account. Source: pseudo
Then, both ZKsync and the hacked Matter Labs issued a fake statement claiming that ZKsync was under investigation by the U.S. Securities and Exchange Commission and that the Treasury Department might 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.'
"A salute to the ZKsync hackers. Instead of dumping the token and stealing a few bucks, they decided to scare the network's hackers," posted Harrison Leggio, co-founder of the crypto startup g8keep, known as 'Bob Bank', on X.
Source: Harrison Leggio
The fake statement appeared to aim to crash the price of the platform's token, ZKsync.
ZK
$0.07066
, which fell 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 have chosen to disclose publicly when they are being investigated by the regulatory agency.
The SEC halted many of its investigations during the Trump administration, with companies like Crypto.com, Immutable, OpenSea, and Robinhood Crypto, among others, confirming that the agency had closed investigations.
ZK's share fell by 6.4% in the last day to trade at around 7 cents, sliding back from an approximately 38.5% rise it achieved over the past week.
Related: U.S. prosecutor seeks two years in prison for SEC X account hacker
Nolan from Matter Labs stated that the company was investigating how the X accounts were breached, believing it was done through 'compromised delegated accounts', which allow users limited access to the 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 breached the admin account of the ZKsync distribution contract and used a function to mint 111 million unclaimed ZK tokens, worth approximately $5 million at that time.
The breach occurred while the platform was distributing 17.5% of the ZK supply to ecosystem participants.
The attacker then returned 90% of the stolen tokens and agreed to keep 10% as a reward.
