The United States Securities and Exchange Commission (SEC) official X account was breached leading to the release of fake news about the approval of a spot Bitcoin ETF before the regulator made the official announcement.
After sorting through the ordeal, here is the SEC X hack detail as released by the market regulator.
The Hack in Detail
According to a statement released by Chairman Gary Gensler, the perpetrator gained access to the @SECGov X account shortly after 4:00 pm ET on January 9, 2024. They achieved this by gaining control of the phone number associated with the X account. The first post made by the hacker by 4:11 pm ET falsely suggested that the Commission had approved the spot Bitcoin ETF filings.
Amongst the other things that the hacker did while still in control of the account was to like two posts by non-SEC accounts. This was after the bad actor made a second post saying “$BTC,” a post that came off as an endorsement. This post was later taken down by the SEC X hack
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