Later today Binance stated that:
"According to Odaily, Sam Kazemian, the founder of Frax Finance, has announced that the official Frax account has been compromised. He has urged users not to click on any links associated with the account. Further details about the incident have not been disclosed at this time. Users are advised to exercise caution while interacting with any communications purportedly from the Frax account until the situation is resolved".
The Founder has warned users of potentially coming scenarios.
After such things we may see a major dump in the $FXS . People around the said community are worried about such things.
In past we have also seen the same news of domain hijacking and other cyber attacks on there websites clouds and other related data and money accounts.
This is now a very strang thing for some coin not showing some better results, yet showing good pump in cyber attacks.
All the people around here wants to earn and have investments secured. Looking into the volatility of market and then such insecurities make people really concerned about their investments.
For now on if such thing continues we will see a major price drop in some hours and alot more .