SEC Comments on Hack of Its X Account and Resulting Fake Bitcoin ETF Approval Announcement CoinDesk
News Source : CoinDesk
News Summary
- ET (21:11 UTC), and SEC Chair Gary Gensler published his clarification 15 minutes later.The statement suggested that SEC staff never lost access to the account, saying they had deleted the fake post, un-liked some other bitcoin-related tweets and shared an update on the main SECgov account within 30 minutes..
- Friday's statement added that the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA) are also investigating.On Wednesday, the SEC did approve nearly a dozen bitcoin ETF applications, which began trading a day later.The hack alarmed a number of lawmakers, who publicly demanded answers about how it happened..
- Vance (R-Ohio) and Thom Tillis (R-N.C.), who similarly asked Gensler to brief their teams on a number of questions around the hack and the SEC's decision-making on bitcoin ETFs, including how the SEC "plans to rectify any financial losses borne by investors as a result of the errant announcement..
- Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin..
- Commission staff are still assessing the impacts of this incident on the agency, investors, and the marketplace but recognize that those impacts include concerns about the security of the SEC’s social media accounts..
- "Staff also reached out to X.com for assistance in terminating the unauthorized access to the @SECGov account..
The U.S. Securities and Exchange Commission said Friday its systems and devices were not breached by the party responsible for tweeting out a fake bitcoin ETF approval announcement earlier this week. [+2721 chars]