In a strange turn of events, the official Twitter account of the US Securities and Exchange Commission (SEC) has been hacked. This led to the spread of a fake tweet announcing the approval of spot Bitcoin ETFs. This incident also attracted attention with Elon Musk’s comment. Because it prompted the billionaire to chime in with a cheerful comment that showed his continued interest in the cryptocurrency space.
Elon Musk comments on SEC hacking of X account
In response to the SEC’s hacked Twitter account, Elon Musk took to social media to add some humor to the situation. Musk mocked the regulator by commenting “LFGDogeToTheMoon (Dogecoin to the Moon)” under a post discussing possible passwords for the SEC’s Twitter account, playfully suggesting Dogecoin hit moon highs.
His comment, infused with Elon Musk’s trademark wit, not only highlighted the audacity of the SEC’s Twitter hack but also revealed Musk’s ongoing awareness of the latest developments in the cryptocurrency market. Despite his previous statements indicating that his views on cryptocurrencies have waned, Musk’s involvement underscores his continued interest in the evolving landscape.
Fake Bitcoin ETF news
cryptokoin.com As we reported, the overnight hack led to a misleading tweet from the SEC’s official account and a false announcement that spot Bitcoin ETFs had been approved. SEC Chairman Gary Gensler quickly addressed the situation, confirming the falsehood of the tweet and revealing that the SEC’s account had indeed been compromised.
The incident raised concerns about the possible consequences of a government agency account being breached. SentinelOne CTO Alex Stamos noted the complexity of the hack, stating that this could be one of the most sophisticated uses of a stolen Twitter account to date. Stamos emphasized the need to be careful in the face of evolving cyber threats and stated that even established security measures may not always be perfect.
Dogecoin price not affected
As news of the SEC’s Twitter hack spread, the cryptocurrency market experienced a brief rally, with Bitcoin prices rising over 2.5%. But once the truth behind the fake tweet emerged, the market quickly corrected, highlighting the susceptibility of crypto assets to external influences, even influences as unusual as the hacked regulatory Twitter account. The incident serves as a reminder of the importance of robust cybersecurity measures in the ever-evolving world of cryptocurrencies. The real ETF news is expected to come today, January 10.
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