Odaily News On June 1, Frax Finance's X account was hacked. In order to regain control, Frax Finance CEO Sam Kazemian called on his fans to help contact X customer service. Users reported that it took X about 72 hours to handle complaints related to stolen accounts. Although X staff recommended changing passwords during the account breach, Kazemian insisted that the passwords had not been tampered with and said that any problems within Frax Finance could not have caused the breach. Instead, he suspected that X's insiders were involved in the matter: "The Frax Finance X account was hacked, which appears to be an X internal job or social engineering incident, as Frax itself did not reset passwords or other issues." (Cointelegraph)