Elon Musk’s Office Suspected of ‘Inside Job’ as Frax Finance X Account Gets Hacked

A purported hacker managed to take control of Frax Finance’s X social media account without manipulating or obtaining the existing passwords. The breach occurred on June 1, prompting Frax Finance CEO Sam Kazemian to seek assistance from X users in contacting X customer service to regain control. Users have reported that it typically takes about 72 hours for X to address concerns related to compromised accounts. The process involves submitting a support request with a linked email address and providing additional information as instructed. Kazemian claimed that the passwords were not tampered with and suggested that an insider at X may have been involved. Despite the hack occurring more than 48 hours ago, there have been no updates regarding the recovery of the account. As a result, Kazemian’s recommendation to avoid clicking on any website links shared from compromised X accounts still stands. In addition to crypto protocols, the hacking of X accounts has affected social media accounts belonging to influential traders, rappers, and celebrities. These compromised accounts have been used to promote various cryptocurrencies, including Terra (LUNA2), Ordi (ORDI), and memecoins inspired by celebrities. Some community members have expressed surprise that the hacker did not take full advantage of the scam. Meanwhile, crypto analyst Miles Deutscher criticized the hacker for promoting ORDI and LUNA2, which only saw a small increase in value. It is worth noting that crypto voters are already disrupting the 2024 election, with this trend expected to continue.