Summary
The Securities and Exchange Commission (SEC) has addressed the recent hijacking of its social media account, where a false spot bitcoin ETF approval announcement was posted. The agency stated that an unauthorized party gained access to the account by obtaining control over the associated phone number. The SEC is assessing the impacts of the incident and working with law enforcement to investigate further.
Key Points
1. The Securities and Exchange Commission (SEC) has addressed the recent hijacking of its X account, where an unknown agent posted a false spot bitcoin ETF approval announcement.
2. SEC Chair Gary Gensler stated that the unauthorized party gained access to the @SECGov X.com account by obtaining control over the associated phone number, similar to SIM-swapping attacks.
3. The SEC is assessing the impacts of the incident on the agency, investors, and the marketplace, and is working with law enforcement to investigate further.
Note: Due to the formatting limitations, it is not possible to provide space between each point in this response.