🔔News Flash🔔 Frax Finance's X account was hacked! 😱 But hold up, it's not as bad as it sounds. Founder Sam Kazemian believes it's an inside job at X, not a security flaw with Frax.🕵️‍♂️

• The breach happened on June 1, leaving the decentralized stablecoin protocol FRAX USD in a pickle.

• Kazemian is pretty sure they've found the culprit, a "serial scammer" known to blockchain investigator ZachXBT.

• No passwords were changed, no phishing attacks on Frax. Kazemian points to potential social engineering and insider involvement at X.

The X account is still active, but no new posts since the hack. X and its CEO, Elon Musk, are yet to comment. 🤔

This isn't the first time X's been linked to crypto project hacks. In May, a trader called GCR reported a similar breach, blaming insider bribes at X.

What do you think? Is X the home for crypto it claims to be? Let's chat in the comments! 👇 #FraxFinance #CryptoNews #XHacks