The Layer-2 scaling solution ZKsync and its development team, Matter Labs, were hit with another security incident on May 13.
Their official X accounts were taken over, and during the breach, the attackers shared fake information and phishing links meant to mislead users.
Among the false claims was a message saying that the US Securities and Exchange Commission (SEC) was investigating ZKsync and that the Treasury Department might impose sanctions. These posts were likely designed to create panic and lower the price of ZKsync’s token.
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The posts also included links to a fake airdrop, part of a phishing scam to trick users into giving away sensitive information.
Crypto startup co-founder Harrison Leggio, also known as “Pop Punk”, noted in X’s post how the attackers seemed focused more on causing fear than stealing money. He said that instead of launching a scam token, they chose to scare crypto users by posting a fake government investigation.
According to the latest post on X, ZKsync stated, “Both ZKsync and Matter Labs accounts are still compromised”. They also warned users not to interact with these accounts.
On April 15, an attacker used a function in the project’s token distribution system to mint 111 million unclaimed ZK tokens, worth around $5 million at the time. How did ZKsync respond to the incident? Read the full story.
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