Key Points:
On Tuesday, January 9, 2024, an unauthorized party accessed the account by gaining control of the associated phone number. The deceptive post, claiming the Commission’s approval of spot bitcoin exchange-traded funds, was made at 4:11 p.m. ET. Although the party deleted a subsequent post, there’s no evidence they breached SEC systems or data.
The SEC swiftly responded, affirming that staff retained control, promptly deleting the fake post, unliking unrelated tweets, and updating the main @SECgov account within 30 minutes.
Internally and externally, investigations are underway to ascertain the origin and potential profit from this social media breach. The FBI has joined the probe into the SEC X account hack that disrupted the Bitcoin world just ahead of the SEC’s legitimate approval of a Bitcoin exchange-traded fund.
While acknowledging the ongoing assessment of the SEC X account hack scope, the agency emphasized that no evidence points to the unauthorized party accessing SEC systems, data, devices, or other social media accounts.
This SEC X account hack raises concerns about cybersecurity defenses, given the SEC‘s critical role in regulating U.S. companies and markets. The agency, which previously faced a 2016 cyberattack compromising its corporate filings database, underscores the persistent challenge of safeguarding against cyber threats in the financial regulatory landscape.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
VanEck and 21Shares are leading the race to launch a spot Solana ETF with bets…
Despite recent developments regarding Ether's classification, the SEC ConsenSys lawsuit for the MetaMask operations remains…
The CoinStats security incident caused a $2 million loss, affecting nearly 1,600 wallets, possibly linked…
Igloo has acquired Frame to focus on building the new Layer 2 for Pudgy Penguins,…
A Supreme Court ruling weakens Chevron deference, potentially affecting SEC regulations. Due to reduced SEC…
The SEC sues Consensys for unregistered securities transactions via MetaMask, violating federal laws. Over $250M…
This website uses cookies.