On May 13, hackers compromised the X accounts of ZKsync and its developer Matter Labs, falsely claiming that US authorities were investigating the platform. The attackers posted fraudulent messages suggesting that ZKsync was under inquiry by the SEC and faced potential sanctions from the Treasury Department. Matter Labs confirmed that this statement was not legitimate and that both accounts were restored. The hack seemed aimed at manipulating the price of the ZKsync token, which saw a 2% decline in value amid the incident. This breach follows a previous attack in April when the admin account for ZKsync’s airdrop distribution was compromised, allowing an attacker to mint a significant number of unclaimed ZK tokens. Matter Labs is investigating how the recent hack occurred but believes it involved compromised delegated accounts that allow limited access to post on behalf of others. The regulatory scrutiny from agencies like the SEC is a recurring concern in the crypto market, especially given previous investigations involving various crypto firms.

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