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Today's Top Crypto Headlines:
ZKsync Accounts Hacked | Anchorage Buys Mountain Protocol | Curve DNS Hijacked | Coinbase Joins S&P 500 and more...
King Fatrick Gil Añasco
May 13, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
ZKsync X Account Hacked: ZKsync and Matter Labs’ X accounts were hacked, posting fake SEC and sanctions news with phishing links.
Anchorage Acquires Mountain Protocol: Anchorage Digital acquired Mountain Protocol to strengthen its stablecoin infrastructure. USDM minting stopped May 12 and is being phased out.
Curve DNS Hijack Alert: Curve Finance’s DNS was hijacked, redirecting users to a malicious site. Though smart contracts remain secure, users are warned to avoid the site.
💡Feature of the Day - Coinbase Joins S&P 500: Coinbase will join the S&P 500 on May 19, replacing Discover.
All this and more in today’s headlines!
📰 News Highlights:
ZKsync and Matter Labs' X (formerly Twitter) accounts were hacked on May 13, with attackers posting fake messages about an SEC investigation and US sanctions.
⚠️ Warning: Both @zksync and @the_matter_labs accounts have been compromised.
Do not interact with that account or click any links.
Wait for the @zkSyncDevs account to verify when the account has been reclaimed.
We will quote tweet this tweet when @zksync and @the_matter_labs
— ZKsync Developers (∎, ∆) (@zkSyncDevs)
12:26 AM • May 13, 2025
The posts also included phishing links disguised as an airdrop, prompting the teams to warn users not to interact.
Shoutout to the zksync hackers.
Instead of dropping a token and stealing a few bucks they decided to scare the living shit out of onchain degens.
— Pop Punk (@PopPunkOnChain)
12:47 AM • May 13, 2025
Matter Labs confirmed the breach was due to compromised delegated accounts and that control of the X accounts has been restored.
The hack caused a brief drop in the ZK token price, falling 6.4% amid panic.
🎁Freebie:
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Anchorage Digital has acquired Mountain Protocol to expand its stablecoin infrastructure, integrating the team and its tech into its regulated offerings.
The acquisition comes as Mountain Protocol begins to wind down its USDM stablecoin, ceasing minting on May 12 and gradually ending rewards within 30 days.
Anchorage Digital is thrilled to announce our acquisition of Mountain Protocol.
As stablecoins find global product market fit, we’re empowering institutions to meet surging demand and lead in the stablecoin space.
— Anchorage Digital ⚓ 🔜 Consensus (@Anchorage)
4:04 PM • May 12, 2025
Curve Finance warned on May 12 that its domain name system (DNS) had been hijacked again, redirecting users to a malicious website capable of draining wallets.
Seems like DNS might be hijacked. Don't interact!
— Curve Finance (@CurveFinance)
9:25 PM • May 12, 2025
Despite the attack, Curve confirmed that its smart contracts remained safe and that its password protections and two-factor authentication were intact.
While all smart contracts are safe, the domain name points to a malicious site which can drain your wallet!
We are investigating and working on recovering the access.
No sign of a compromise on our side
— Curve Finance (@CurveFinance)
11:22 PM • May 12, 2025
Security firm Blockaid suspects a front-end attack targeting the user interface.
🚨 URGENT: We have detected a potential frontend attack targeting @CurveFinance . If you're connected, please refrain from signing transactions and avoid interactions with the dApp until the issue is resolved. We’re working closely with affected partners. More updates soon.
— Blockaid (@blockaid_)
10:07 PM • May 12, 2025
This follows a separate X account breach on May 5.
Yesterday, the official @CurveFinance X account was compromised. As you already know, access has been fully restored.
To clarify: the incident was limited strictly to the X account. No other Curve accounts were affected. No security issues were found on our side, no user funds
— Curve Finance (@CurveFinance)
9:57 AM • May 6, 2025
💡 Feature of the Day:
Coinbase will become the first crypto company to join the S&P 500 on May 19, replacing Discover Financial Services after its acquisition by Capital One.
This milestone will place Coinbase shares into many index-tracking investment portfolios and marks significant mainstream recognition for the firm and the broader crypto industry.
Congratulations @brian_armstrong on $COIN being added to the S&P 500 Index. A major milestone for Coinbase and for Bitcoin.
— Michael Saylor (@saylor)
9:48 PM • May 12, 2025
COIN stock rose nearly 9% following the news, reflecting investor enthusiasm.
😂 Crypto Meme of the Day:
Meme of the day provided by @bitgetglobal
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com