Whether the Bitcoin spot ETF application can be approved this week has attracted great attention from the market. On this occasion, the SEC’s official , was criticized by the community for being so strict on the encryption industry, and there are indeed big loopholes in its own security measures.
X platform confirms that SEC account has been hacked
In response to the incident, Safety, the official Twitter account of the The investigation revealed that the intrusion was not due to a System
It is worth noting that Safety also stated that when the account was stolen, the SEC did not enable two-factor authentication (2FA), which clearly showed insufficient security awareness. The X security team also encourages all users to enable this additional security protection.
Further reading: Be careful! Do not click on the Binance "Upgrade Certification" phishing text message when you receive it. How to set up Binance 2FA account protection?
On-chain detective ZachXBT also immediately tweeted to remind SEC Chairman Gary Gensler that he should properly protect his financial accounts to prevent identity theft and fraud:
Remember:
Use a strong seed phrase or password
An SEC spokespersontold Blockworks:
The SEC will work with law enforcement and partners across government to investigate this matter and determine appropriate next steps regarding the unauthorized access and any related misconduct.
Is the source of approved fake news an SEC scheduled tweet?
However, although X officially certified that the SEC was hacked, Bloomberg analyst Eric Balchunas launched a poll on the , only 16.7% believed it originated from outside the SEC. He also said:
While there is some evidence pointing to a hack, I stand by my original theory (for now) that this tip came from within the SEC and that a scheduled tweet went wrong.
Anthony Scaramucci, founder and CEO of Skybridge Capital and former White House Communications Director, also said:
I think Gensler is lying, I bet it was an SEC employee who messed up, he was too hasty, Gensler blamed it on A continuation of the amateurish, dishonest nature of the SEC leadership system.
SEC must investigate market manipulation on its own
In response to this fake news incident, FOX Business reporter Charles Gasparino said that some securities lawyers believe that the SEC must investigate its suspected market manipulation on its own. If the SEC does not approve the ETF application before the 10th, it will be unprecedented because the SEC has never rejected it. Applications that have progressed to this stage.
