Summary
The U.S. Securities and Exchange Commission (SEC) provided an update on the investigation into the cyberattack that targeted its Twitter account. The false tweet, which claimed that all Bitcoin exchange-traded funds (ETFs) had been approved, caused confusion in the cryptocurrency world. SEC Chair Gary Gensler stated that the unauthorized party made two posts and liked two non-SEC account posts before being kicked out of the account. The SEC is still assessing the impact of the incident and is working with law enforcement agencies to find the culprits. Gensler emphasized that the SEC does not make announcements on social media, but instead publishes them on its website.
Key Points
1. The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler, provided an update on the investigation into the cyberattack targeting the agency’s Twitter account. This update was posted in a statement on Friday.
2. The fake tweet from the SEC’s Twitter account falsely announced the approval of all Bitcoin exchange-traded funds (ETFs) under review by the agency. This caused significant anticipation and speculation in the cryptocurrency world.
3. The unauthorized party behind the cyberattack also liked two posts by non-SEC accounts using the compromised SEC account. The SEC staff promptly deleted the unauthorized post, un-liked the two posts, and posted a new tweet about the compromise. The hackers were ultimately removed from the account, and their unauthorized access was terminated.