The founder of decentralized finance protocol Frax Finance says the team is “reasonably sure” about the identity of the criminal that hacked the project’s X account. Frax Finance founder Sam Kazemian alleges that an inside job at X caused the hack of the project’s account, resulting in the protocol behind the FRAX USD-pegged decentralized stablecoin losing access in early June. In a Telegram post on Jun. 3, the Frax Finance head said the team is “reasonably sure” it has the identity of the criminal that perpetrated the X account, blaming a “serial scammer” that ZachXBT, a blockchain sleuth, is “aware of.”
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