Frax Finance X hacked, CEO suspects ‘inside job’ at Elon Musk's office

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Frax Finance CEO Sam Kazemian urged users to avoid links from the X compromised account until further notice.

A hacker allegedly gained control of crypto lending platform Frax Finance’s X social media account without accessing or tampering with existing passwords. But how?

Users reported that X takes roughly 72 hours to address complaints related to compromised accounts. The process involves raising a support request with a linked email address and going through a back-and-forth that involves submitting additional information as directed.While Elon Musk’s X suggests changing passwords during account compromises, Kazemian alleged that the passwords were not tampered with and asserted that no issues within Frax Finance could have contributed to the breach.

More than 48 hours after the hack, Frax Finance, Kazemian, or X representatives have provided no new updates regarding the account’s recovery. Consequently, the CEO’s recommendation to avoid all website links shared from the compromised X accounts remains in effect at the time of writing.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 562. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

New Thai finance minister has chance to improve strained central bank ties, says ex-Finance MinisterNew Thai finance minister has chance to improve strained central bank ties, says ex-Finance Minister
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Beyond Banking Apps: How Embedded Finance Is Reshaping FinanceIvo Gueorguiev, co-founder at Paynetics. Read Ivo Gueorguiev's full executive profile here.
La source: ForbesTech - 🏆 318. / 59 Lire la suite »

Nirvana Finance founder recounts the ‘worst day’ of his lifeAlex Hoffman, the founder of Nirvana Finance, comes forward, sharing the pain he faced for 17 months before discovering the hacker behind the $3.5 million flash loan exploit.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »