{"id":9559,"date":"2024-01-10T10:02:08","date_gmt":"2024-01-10T08:02:08","guid":{"rendered":"https:\/\/forklog.com\/en\/secs-x-account-hacked-to-announce-fake-bitcoin-etf-approval\/"},"modified":"2024-01-10T10:02:08","modified_gmt":"2024-01-10T08:02:08","slug":"secs-x-account-hacked-to-announce-fake-bitcoin-etf-approval","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/secs-x-account-hacked-to-announce-fake-bitcoin-etf-approval\/","title":{"rendered":"SEC&#8217;s X Account Hacked to Announce Fake Bitcoin ETF Approval"},"content":{"rendered":"<p>The United States Securities and Exchange Commission&#8217;s (SEC) account on the X platform was compromised to publish a false message claiming approval of spot Bitcoin ETFs.<\/p>\n<p>The now-deleted tweet falsely stated that the regulator had approved the listing of products on all registered national securities exchanges, allegedly quoting SEC Chairman Gary Gensler.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/w9LPqz_kfkczL5j_CTaa6mvFMfhiXx6Xu0WlIvt6KnwoAPaFfZDmh__AISitCrU734ZthSuQ4A9xZbecCSPFHFqTEY-5mY_Xj-qE5dDpBbfzFR4cf3mlCdSmgNUcJYCgcDQbM-qNkwiw35RjPAMy13w\" alt=\"X-\u0430\u043a\u043a\u0430\u0443\u043d\u0442 SEC \u0432\u0437\u043b\u043e\u043c\u0430\u043b\u0438 \u0434\u043b\u044f \u043f\u0443\u0431\u043b\u0438\u043a\u0430\u0446\u0438\u0438 \u0444\u0435\u0439\u043a\u043e\u0432\u043e\u0433\u043e \u043e\u0434\u043e\u0431\u0440\u0435\u043d\u0438\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d-ETF\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.axios.com\/2024\/01\/09\/bitcoin-sec-twitter-x-approval-fake-hack\">Axios<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe SEC&#8217;s account on the X platform was hacked, and an unauthorized post was published. The Commission has not approved the listing and trading of spot Bitcoin exchange-traded products,\u201d wrote the head of the agency.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.<\/p>\n<p>\u2014 Gary Gensler (@GaryGensler) <a href=\"https:\/\/twitter.com\/GaryGensler\/status\/1744833049064288387?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The price of the leading cryptocurrency surged to $48,000 following the fake SEC announcement. After the misinformation was corrected, the price adjusted. At the time of publication, it was near $46,000, down 1.5% over the day (<a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/RA0gErqRFkk3BLhkJTYY-xl2sp86JZL42YQID2YRkwlh3c_F1uC0olO7q-___4n3B02LxlrXZOtM39IVrz_XWKkxatMEzbBlnwBZV7qXLa49A7jxCRkubMxAIRgdwdCYFnecQZHEQCzlnLiBuu57kIc\" alt=\"X-\u0430\u043a\u043a\u0430\u0443\u043d\u0442 SEC \u0432\u0437\u043b\u043e\u043c\u0430\u043b\u0438 \u0434\u043b\u044f \u043f\u0443\u0431\u043b\u0438\u043a\u0430\u0446\u0438\u0438 \u0444\u0435\u0439\u043a\u043e\u0432\u043e\u0433\u043e \u043e\u0434\u043e\u0431\u0440\u0435\u043d\u0438\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d-ETF\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The security team at X confirmed the compromise of the SEC&#8217;s page following a preliminary investigation. According to their statement, the attacker gained control over a phone number linked to the account. There was no breach of the social platform&#8217;s systems. Experts also noted that two-factor authentication was not enabled on the Commission&#8217;s account.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We can confirm that the account <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X\u2019s systems, but rather due to an unidentified individual obtaining control over a phone number\u2026<\/p>\n<p>\u2014 Safety (@Safety) <a href=\"https:\/\/twitter.com\/Safety\/status\/1744924042681897343?ref_src=twsrc%5Etfw\">January 10, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The SEC stated it would contact law enforcement and government agencies regarding the investigation and subsequent steps, reports <a href=\"https:\/\/www.theblock.co\/post\/271423\/sec-says-it-will-work-with-law-enforcement-following-unauthorized-access-to-x-account\">The Block<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">Community Raises Questions<\/h2>\n<p>Bloomberg analyst Eric Balchunas suggested that the Bitcoin ETF approval message might have been the result of an error by someone at the agency.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">On TV right on talking about this.. and yes, I think someone prepped a planned tweet and put wrong date, bc the tweet would have made PERFECT sense tomorrow at this time. The language sounds legit SEC-ish IMO vs a crypto knucklehead pulling a prank but I guess we&#8217;ll see.. <a href=\"https:\/\/t.co\/lP6Nghi6fq\">https:\/\/t.co\/lP6Nghi6fq<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1744835562643595652?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI think someone prepped a planned tweet and put the wrong date, because the publication would have made PERFECT sense tomorrow at this time. The language sounds quite legitimate, in my opinion, in the spirit of the SEC, rather than a crypto prankster, but we&#8217;ll see,\u201d he wrote.<\/p>\n<\/blockquote>\n<p>His conclusion was shared by several commentators, <a href=\"https:\/\/twitter.com\/Scaramucci\/status\/1744845709071843467\">including<\/a> SkyBridge Capital founder Anthony Scaramucci.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">I agree. Very on point language, graphic, everything.<\/p>\n<p>\u2014 Scott Johnsson (@SGJohnsson) <a href=\"https:\/\/twitter.com\/SGJohnsson\/status\/1744836227298173052?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI agree. Very precise language, graphics, everything else,\u201d noted lawyer Scott Johnsson.<\/p>\n<\/blockquote>\n<p>Other users doubted the authenticity of the tweet, noting that it used a hashtag and Bitcoin emoji, which they believed the regulator would unlikely do.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Nah, we got Punk\u2019d. <\/p>\n<p>The &#8220;tell&#8221; on the official SEC account was when it used the btc emoji cashtag:<\/p>\n<p> &#8221; <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>\u00a0 &#8220;<\/p>\n<p>on the &#8220;official&#8221; Tweet. <a href=\"https:\/\/t.co\/mW3b5nt339\">pic.twitter.com\/mW3b5nt339<\/a><\/p>\n<p>\u2014 Compound248 ? (@compound248) <a href=\"https:\/\/twitter.com\/compound248\/status\/1744841819165184299?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some noted that control over the SEC&#8217;s X account was restored very quickly \u2014 only 15 minutes elapsed between the fake tweet and the correction.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The SEC are engaging in market manipulation. <a href=\"https:\/\/t.co\/w71ujcH6d1\">pic.twitter.com\/w71ujcH6d1<\/a><\/p>\n<p>\u2014 THE Bitcoin Podcast (@titcoinpodcast) <a href=\"https:\/\/twitter.com\/titcoinpodcast\/status\/1744839862866296956?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This speed raised suspicions that it was deliberate market manipulation rather than the result of a hack.<\/p>\n<h2 class=\"wp-block-heading\">Incident Draws Attention from U.S. Lawmakers<\/h2>\n<p>Senator Bill Hagerty <a href=\"https:\/\/twitter.com\/SenatorHagerty\/status\/1744843824654885024\">called<\/a> the incident with the Commission&#8217;s account &#8220;unacceptable&#8221; and stated that Congress &#8220;needs a clear answer.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFraudulent announcements like the one made on the SEC&#8217;s social media can manipulate markets. We need transparency on what happened,\u201d <a href=\"https:\/\/twitter.com\/SenLummis\/status\/1744860826392047845\">wrote<\/a> his colleague Cynthia Lummis.<\/p>\n<\/blockquote>\n<p>Senators J.D. Vance and Thom Tillis demanded that the Commission provide explanations regarding the erroneous Bitcoin ETF approval message within four days.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt is unacceptable that the agency entrusted with regulating the epicenter of the world\u2019s capital markets would make such a colossal error,\u201d the letter stated.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">?BREAKING: Senators <a href=\"https:\/\/twitter.com\/JDVance1?ref_src=twsrc%5Etfw\">@JDVance1<\/a> &#038; <a href=\"https:\/\/twitter.com\/SenThomTillis?ref_src=twsrc%5Etfw\">@SenThomTillis<\/a> Demand Explanation For The SEC&#8217;s Errant Announcement Of The Approval Of Spot-Bitcoin ETFs<\/p>\n<p>&#8220;It is unacceptable that the agency entrusted with regulating the epicenter of the world\u2019s capital markets would make such a colossal error.&#8221; <a href=\"https:\/\/t.co\/xG77jM9xAM\">pic.twitter.com\/xG77jM9xAM<\/a><\/p>\n<p>\u2014 Senator Vance Press Office (@SenVancePress) <a href=\"https:\/\/twitter.com\/SenVancePress\/status\/1744924216300810631?ref_src=twsrc%5Etfw\">January 10, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in January, hackers breached the X accounts of Netgear and Hyundai to promote crypto scams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States Securities and Exchange Commission&#8217;s (SEC) account on the X platform was compromised to publish a false message claiming approval of spot Bitcoin ETFs. The now-deleted tweet falsely stated that the regulator had approved the listing of products on all registered national securities exchanges, allegedly quoting SEC Chairman Gary Gensler. Source: Axios. \u201cThe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1150,128,40],"class_list":["post-9559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-news-plus","tag-sec","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=9559"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/9558"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=9559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=9559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=9559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}