US Stock Market Regulator’s X Account Hacked With Message About Bitcoin ETF

Cyber Attack on the SEC Unleashes Chaos in the Cryptocurrency Market

“The @SECGov account has been hacked, and an unauthorized tweet has been published. The SEC has not approved the listing and sale of market-traded products linked to the current price of bitcoin,” Gensler said through his official account. from X this afternoon.

The president of the SEC spoke like this minutes after the agency’s institutional account published that it allowed for the first time the creation of exchange-traded funds (ETFs) linked to bitcoin, a decision that cryptocurrency investors were eagerly awaiting.

“Today the SEC approves Bitcoin ETFs for listing on all national stock markets. Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure investor protection”, the message read removed.

Confirmation of Security Commitment by Social Network

This Tuesday night, the social network X confirmed in a message that the security of the @SECGov account was “compromised.”

According to X’s investigation, the intrusion was carried out by an unidentified individual who gained control over a phone number associated with the SEC account.

The social network added that the account did not have “two-factor authentication” enabled at the time the security breach occurred.

The fake message included a photo of Gensler with a quote about the decision.

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Bitcoin surpassed $47,000 yesterday, Monday, a figure not seen since April 2022, thanks to investors’ expectations that the SEC would authorize the funds. The decision of the regulator, generally critical of cryptocurrencies, and which could occur in the next few hours since the deadline for it to rule expires tomorrow, would open the door to greater institutional acceptance of bitcoin in the United States financial markets.