According to Odaily, Sam Kazemian, the founder of Frax Finance, has announced that the team has regained control over the official Frax Finance account. He added that, to their knowledge, the incident occurred internally within the platform, where a customer service representative bypassed the account's 2FA settings and independently reset the email to another address. There was no breach or issue on the part of Frax with this account. This was purely an internal event within the platform, and they will keep everyone informed if they learn more from the investigation.
Previously, on June 1, Sam Kazemian had warned that the official Frax account had been compromised and urged users not to click on any links. This recent development is a significant step towards resolving the issue and ensuring the security of the platform and its users.
