The U.S. Securities and Exchange Commission (SEC) was recently embroiled in a cybersecurity breach and subsequent trust crisis. On January 9, hackers infiltrated the SEC’s social media account, falsely announcing the approval of spot Bitcoin exchange-traded funds (ETFs).The SEC quickly clarified that it had not endorsed any Bitcoin ETF applications, contradicting the misleading announcement made […]
United States Senators J.D. Vance and Thom Tillis have urged the United States Securities and Exchange Commission (SEC) to submit a report to Congress regarding the Jan. 9 breach of the SEC’s X account. The senators expressed their concerns about the incident in a letter to SEC Chair Gary Gensler, stating that it raised serious […]
The crypto market recently experienced a significant event when the Securities and Exchange Commission’s (SEC) account was hacked. This led to a fake tweet about the approval of a spot Bitcoin ETF, causing a market whiplash that resulted in a $56 million liquidation within an hour.Meanwhile, Ethereum Classic’s price, which was following a micro bearish […]
Bankrupt crypto lender Celsius may require its creditors who withdrew large sums from the platform before its bankruptcy declaration to return part of those funds or face legal action. On January 9, the company’s bankruptcy administrators filed an intent to notify creditors that account holders who withdrew more than $100,000 in the 90 days before […]
The United States Securities and Exchange Commission (SEC) has recently faced a security breach due to the lack of two-factor authentication (2FA) on its main X account. This lapse in security allowed a hacker to gain unauthorized access to the account, causing a significant disturbance in the crypto markets with a false confirmation of a […]
The United States Securities and Exchange Commission (SEC) is expected to proceed with a decision on spot Bitcoin exchange-traded funds this week, despite a recent hack of its social media account. The SEC’s X account was compromised on Jan. 9, with an unknown party using the account to falsely announce that spot Bitcoin ETFs were […]
The United States Securities and Exchange Commission (SEC) has categorically denied that its staff had any part in the recent “unauthorized” tweet claiming that spot Bitcoin ETFs had been approved. Despite this, there are still some in the crypto community who believe otherwise.On January 9, the official account of the SEC tweeted that it had […]
United States lawyers and senators are urging Congress to initiate an investigation into the Securities and Exchange Commission (SEC) following a reported compromise of its X account. The account falsely announced the approval of spot Bitcoin exchange-traded funds, causing a stir in the market.U.S. Senator Bill Hagerty voiced his concern over the incident, stating that […]
The U.S. Securities and Exchange Commission (SEC) has reported a breach of its Twitter/X profile, which was used to disseminate a false message about the approval of a Bitcoin Exchange-Traded Fund (ETF). Gary Gensler, the SEC Chair, confirmed the incident, stating that the SEC’s Twitter account was compromised and an unauthorized tweet was posted. He […]
In a surprising development, the cryptocurrency community was thrown into disarray when the official X account of the US Securities and Exchange Commission (SEC), formerly known as Twitter, seemed to be “compromised”. An unauthorized post claimed that the SEC had simultaneously approved all Bitcoin ETF applications.FAKE POST CLAIMS BITCOIN ETF APPROVALSEC Chair Gary Gensler addressed […]
