SEC considering ‘additional action’ after hacking post related to Bitcoin ETF approval
The Securities and Exchange Commission (SEC) said on Friday that It was stated that it was created after acquisition. .
The markets regulator said staff would “continue to assess whether additional relief measures are warranted” following the breach that occurred on Tuesday, which raised questions about cybersecurity both at the agency and at the social media platform formerly known as Twitter.
The agency said it is coordinating with law enforcement on this matter, including the FBI and the Department of Homeland Security.
“Committee staff continues to evaluate the impact of this incident on institutions, investors, and markets, but recognizes that this impact includes concerns about the security of the SEC’s social media accounts,” the SEC said in a statement.
The chaos began Tuesday afternoon when hacked posts were made public. SEC’s X Account.
“Today the SEC approved the #Bitcoin ETF for listing on a registered national stock exchange,” the post read. “Approved Bitcoin ETFs will be subject to ongoing oversight and compliance measures to ensure ongoing investor protection.”
A second post appeared two minutes later that simply said “$BTC,” the SEC said in a statement. The unauthorized user soon deleted the second post, but appeared to have also liked two other posts from the non-SEC account. Bitcoin BTCUSD price,
It rose sharply in the aftermath of the post, but soon fell back.
In response to the hack, SEC staff posted on SEC Chairman Gary Gensler’s official X account. announce The main account of the institution has been compromised and it has not yet approved spot Bitcoin exchange trading products. The employee then deleted the initial unauthorized post, un-liked it, and then used the official SEC account to: create a new post The agency clarified the situation Friday.
The SEC also requested assistance from
SEC staff are still assessing the scope of the incident, but there is currently no evidence that any SEC systems, data, devices, or other social media accounts were accessed by unauthorized parties.
The next day, the SEC announced that it had indeed approved the listing and trading of a spot Bitcoin ETF.
Wednesday’s move marked a breakthrough for the cryptocurrency industry, which has been trying to launch such ETFs for years to attract more traditional investors into the digital asset space.
Bitcoin was down 7.6% in the 24 months as of Friday evening.
