Security News > 2024 > January > US SEC’s X account hacked to announce fake Bitcoin ETF approval
The X account for the U.S. Securities and Exchange Commission was hacked today to issue a fake announcement on the approval of Bitcoin ETFs on security exchanges.
"Today the SEC grants approval to Bitcoin ETFs for listing on registered national security exchanges," read the fake X post.
Bitcoin's jump in price was shortlived as it pulled back on news that the SEC's account on X was hacked to spread the fake news.
X has been overwhelmed by a massive wave of account breaches over the past month, as numerous verified organizations have been hacked to spread cryptocurrency scams and links to wallet drainers.
Yesterday, the Netgear and Hyundai MEA X accounts were hacked to promote fake cryptocurrency sites that stole cryptocurrency from wallets that connect to the Web3 site.
Web3 security firm CertiK's X account hacked to push crypto drainer.