Security News > 2024 > January > SEC’s X account hacked to post fake news of Bitcoin ETF approval

Someone has hijacked the X account of the US Securities and Exchange Commission, and posted an announcement saying the agency has decided to allow the listing of Bitcoin ETFs on registered national security exchanges.

SEC X account hijacked, "Unauthorized tweet" posted.

After the post was removed, both the SEC and SEC chairman Gary Gensler said that the account had been compromised and an unauthorized tweet had been posted.

"The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," they added.

Many X users have commented those posts by criticizing SEC's inability to keep their account secure and some noted that it should be "Held accountable for this market manipulation."

The hijacking of SEC's X account comes after a slew of account breaches targeting prominent tech companies and security firms such as Netgear and Mandiant.

News URL

https://www.helpnetsecurity.com/2024/01/10/sec-x-account-hijacked/