ZKsync’s official X (formerly Twitter) account was briefly compromised to promote a fake ZK token airdrop.
The fraudulent post claimed that every follower was eligible to claim a share of the initial token supply. It directed users to a suspicious link: “distribution-zksync.io.”
The post remained live for approximately 15 minutes before being deleted. As of now, ZKsync has not issued any public statement confirming the breach.
Despite the hack, there has been no significant immediate impact on the ZK token price, yet. However, further fallout could still materialize if user trust erodes.
Security experts warn users to remain cautious and avoid interacting with any unverified links related to token distributions.
This incident highlights the growing frequency of social media breaches targeting major crypto projects.
The price of SUI has seen a significant uptick recently, outshining XRP in terms of growth and demand. However, it’s not just the price action that’s noteworthy. In May, SUI has drawn the attention of institutional investors, marking a shift in demand that could have long-term implications for the crypto market.
As institutional inflows flow more freely into SUI, the focus shifts from its price performance to its potential as a Web3-focused ecosystem.
SUI Sees A Surge In Demand
Institutions are increasingly flocking to SUI, as evidenced by $21 million in inflows month-to-date, making it one of the top-performing altcoins, second only to Ethereum. In comparison, XRP, historically an institutional favorite, has seen inflows of just $8.6 million in the same period.
This shift is concerning for XRP as institutions begin to focus more on SUI’s potential rather than its established presence in the market. SUI’s appeal to institutional investors is based on its scalability and focus on the Web3 space, which aligns well with current trends in decentralized finance (DeFi) and blockchain-based applications.
SUI vs XRP Institutional Flows. Source; CoinShares
SUI’s increasing institutional inflows highlight a growing preference for projects that offer more than just financial transactions. XRP, while still maintaining institutional backing with $263 million in 2025, has not been able to capture as much attention in recent weeks. SUI’s ability to scale decentralized applications (dApps) more effectively than XRP positions it as a better choice for institutions looking to align with long-term trends in blockchain technology.
XRP Makes It To CME
One key factor driving institutions to SUI is its lack of listing on major platforms like CME, unlike XRP Futures, which further solidifies its untapped potential. XRP Futures recently launched on CME, making the token more accessible to a wider range of investors.
However, this development also diminishes XRP’s image as an overlooked asset, giving SUI a unique advantage by remaining relatively underexposed. As more investors seek high-growth opportunities, SUI offers them the chance to get in early before the token is fully accessible on major platforms.
SUI’s decentralized, Web3-focused design also plays a large role in its growing appeal. Unlike XRP, which is predominantly centered around payment and remittance solutions, SUI focuses on scaling dApp ecosystems, a feature highly sought after by institutions entering the Web3 space. This increased focus on scalability and decentralized applications positions SUI as an ideal choice for institutions looking to diversify their blockchain investments.
SUI vs XRP – Which Has A Better ETF Prospect?
XRP has its own advantages, especially regarding the potential for exchange-traded funds (ETFs). XRP’s status as an established digital asset gives it an edge when it comes to ETF approvals. The ongoing Ripple lawsuit also seems close to a resolution, pending court proceedings, likely boosting XRP’s clean image.
The SEC’s settlement with Ripple would increase investor confidence in XRP, giving it a stable footing in the long term. However, for the time being, SUI’s scalability and Web3 ambitions have won the attention of institutional investors, pushing it ahead of XRP in terms of demand. Nevertheless, XRP ETF will likely see the light of day first.
Furthermore, Juan Pellicer, Head of Research at Sentora, discussed with BeInCrypto the major factors that could push XRP for an early ETF.
“XRP’s decade-long trading record and early ETF filings put it first in the regulatory queue, while Sui still needs deeper liquidity and a longer track-record before the SEC is likely comfortable green-lighting a SUI ETF.”
XRP Price Needs A Boost
XRP has risen by 14% over the last 30 days, but it is still fighting against a macro downtrend. The broader market conditions make a breakout rally unlikely, with XRP struggling under resistance levels.
The current price range for XRP is facing challenges, as a lack of bullish momentum continues to hold it back. However, if XRP follows Bitcoin’s rise and leverages its CME debut hype, it could see an increase in price, potentially reaching $2.56 and beyond. A breakout above this level would end the downtrend and allow XRP to surge higher.
But if XRP fails to breach this resistance level, it risks further consolidation. This would likely send it toward a drop to $2.12, falling through $2.27, invalidating any bullish predictions for the short term.
SUI Price Wins This Round
SUI has shown an impressive 82% rise over the past month, trading at $3.85 at the time of writing. Despite encountering resistance at $4.05, SUI has yet to see a significant correction, suggesting continued bullish momentum.
Given the ongoing demand for SUI, its price is expected to stay above $3.59, allowing it to break through the $4.05 resistance. A breach of this level could propel SUI towards $4.35 or higher.
On the other hand, a drop below the support level of $3.59 would suggest that investors are beginning to book profits. In that case, the price could fall to $3.18, invalidating the current bullish outlook for SUI. However, based on institutional demand and SUI’s infrastructure, it appears likely that its price will continue to rise in the short to medium term.
France responds with new security measures as a string of crypto kidnappings shakes the nation. With three happening in 2025, authorities believe the events are connected.
Interior Minister Bruno Retailleau is working to arrest the perpetrators, protect leading crypto entrepreneurs, and train law enforcement. Still, the father of the most recent victim does not seem satisfied with the measures.
Crypto Kidnapping Wave Strikes France
Typically, crypto thefts take place through hacks and social engineering scams, but that isn’t always the case. In January, a French crypto co-founder was kidnapped in an attempt to steal his private key; he was rescued, but attackers cut a finger off.
Another kidnapping happened in early May, followed by a third attempted this week: a spree is burning through France.
In particular, the details of this last attempted kidnapping shocked the people of France. One woman, the daughter of an exchange’s CEO, was attacked in broad daylight with her partner and 2-year-old child present.
The incident was largely captured on video, further sparking public horror. In response, the authorities have introduced new security measures:
“These repeated kidnappings of professionals in the crypto sector will be fought with specific tools, both immediate and short-term, to prevent, dissuade and hinder in order to protect the industry,” claimed Bruno Retailleau, France’s Interior Minister.
France has enacted a few specific methods to counteract these ambitious kidnapping efforts. Several French crypto leaders have been invited to safety briefings and will receive priority access for emergency calls and regular home visits.
Additionally, law enforcement officers will undergo training on crypto money laundering to better target perpetrators.
Minister Retailleau claimed that several kidnappers have already been arrested. He is also organizing a meeting of France’s prominent crypto entrepreneurs, but the kidnapping victim’s father is unsatisfied.
FRANCE PROMISES SECURITY BOOST FOR CRYPTO ENTREPRENEURS
After a series of violent kidnappings, including attacks on the children of Ledger’s co-founder and Paymium’s CEO, French authorities have announced urgent security measures for the crypto industry.
— Neel (Crypto Jargon) (@Crypto_Jargon) May 16, 2025
Pierre Noziat, CEO of Paymium, told local reporters that he believed this upcoming meeting is only a “communications operation.”
Officials believe these kidnappings are all part of a greater ring, and are taking efforts to track and arrest its members across France.
Hopefully, their investigations will bear fruit. Other countries have also seen aggressive criminals stealing keys and hardware wallets, but a violent conspiracy like this is unprecedented.