Sam Kazemian, founder of Frax Finance, has posted on the X platform stating that the team has regained ownership of the official X account for Frax Finance. He added: "Currently, as far as we know, this incident occurred within Twitter/X internally, where a customer service representative bypassed the 2FA setting for the account and completely reset the email to another address on their own. Frax was not compromised or affected in any way with regards to the account. This is purely an internal X event and this is all we know at the moment. If we learn more from the investigation, we will inform everyone in a timely manner. Previously on June 1st, Sam Kazemian stated on X that the official X account for Frax had been stolen and advised users not to click on any links."

1. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it

Sam Kazemian, founder of Frax Finance, stated that the official Frax X account has been hacked. Users are advised not to click on any links.

According to data tracking service Whale Alert, the Frax wallet address starting with "0xc841" transferred 2,144,321 FTS tokens to the address starting with "0xb744" about an hour ago. The latter then transferred 2,145,030 FXS tokens back to the Frax wallet address, possibly for wallet organization purposes.

Ethena Labs posted on X platform stating that Frax Finance's milestone roadmap has been approved, including the allocation of funds for USDeFRAX POL through Curve AMO, with a limit of $250 million.

Frax Finance announced in a tweet that the meme coin sector of Fraxtal is taking shape, and the main meme coins have been added to the official token list of Fraxswap and RA on Fraxtal.

Frax Finance has launched the FRAX stablecoin on NEAR through Ref Finance, and on Burrow through FraxFerry and Rainbow Bridge. NEAR and Frax may introduce short-term government bond yields on NEAR using sFRAX. In the coming months, Frax will natively issue its asset suite FRAX, sFRAX, frxETH, and sfrxETH on NEAR and Fraxtal, and explore NEAR ecosystem LST opportunities. In addition, Frax will expand to other protocols beyond Ref and Burrow. Ref will launch an incentive program to reward LPs in USDC/FRAX and NEAR/FRAX pools, as well as stablecoin exchange pools similar to Curve. Users can also receive rewards for borrowing and lending USDC, USDT, and FRAX on Burrow.

Sam Kazemian, CEO and founder of Frax Finance, stated that the core team is considering offering a reward mechanism similar to Uniswap for token stakers. The team may soon initiate a proposal to allocate a portion of protocol fees to stakers of its native token, FXS, and the final decision will depend on whether the community approves.

The stablecoin protocol with a hybrid algorithm, Frax Finance, announced that it has integrated with the cross-chain infrastructure protocol Axelar Network (AXL), enabling the issuance of assets such as FRAX and frxETH on multiple blockchain platforms including Osmosis, Mantle, Linea, Kujira, Manta Network, and Scroll. This is aimed at expanding the coverage and interoperability of its assets, further expanding the Frax Finance ecosystem.

Frax Finance announced on social media that it will issue assets of the Frax Finance ecosystem, including FRAX, frxETH, etc., on Osmosis, Mantle, Linea, Kujira, Manta Network, and Scroll through the Axelar Network.