<a href="https://bitcoinworld.co.in/hacker-exploited-sec-chairs-phone-number-to-post-fake-spot-btc-etf-approval-x/" title="Hacker Exploited SEC Chair’s Phone Number To Post Fake Spot BTC ETF Approval: X" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">X’s Safety team has cleared the air on SEC’s misleading tweet with the claim that hacker exploited SEC Chair Gary Gengler’s phone number to tweet the misleading spot BTC ETFs approval.</li>
</ul>
According to the social media X, the Securities and Exchange Commission (SEC) did not employ basic security measures on its X (formerly Twitter) account when it was “compromised” to spread false bitcoin ETF news,&nbsp;
Late Tuesday, X’s Safety team said it had completed its “preliminary investigation” into the SEC’s market-moving, false post on approval of bitcoin ETF applications, which the regulator blamed on its “compromised” account.
“The compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party,” X’s Safety account posted.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/us-senators-seek-gary-genslers-report-on-x-breach-deadline-monday/" aria-label="“US Senators Seek Gary Gensler’s Report On X Breach, Deadline Monday” (Edit)" rel="noopener noreferrer nofollow">US Senators Seek Gary Gensler’s Report On X Breach, Deadline Monday</a>
The explanation seemingly rules out an “inside job” or “fat finger” theory of the midday post.&nbsp;
Bitcoin (BTC) price pumped on the post, but quickly crashed after SEC Chair Gary Gensler clarified that the post was phony.
The incident raises new questions about basic security measures being taken by the SEC, the most powerful investment regulator in the US and one whose statements are closely watched and traded on.&nbsp;
Gensler himself has previously encouraged investors to take their security seriously.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This is a reminder to secure your financial accounts as well as protect against identity theft and fraud.
 Remember to: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;">Use strong passphrases or passwords <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;">Set up multifactor authentication <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;">Keep account alerts turned on<a href="https://twitter.com/hashtag/CybersecurityAwarenessMonth?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CybersecurityAwarenessMonth</a><a href="https://t.co/qitGkujLxD" rel="noopener noreferrer nofollow">https://t.co/qitGkujLxD</a>
 — Gary Gensler (@GaryGensler) <a href="https://twitter.com/GaryGensler/status/1716786621847392497?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 24, 2023</a>
</blockquote>
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US senators J.D. Vance and Thom Tillis have sent a <a href="https://twitter.com/SenVancePress/status/1744924216300810631" rel="noopener noreferrer nofollow">letter</a> to the SEC demanding an explanation of its lapse in cybersecurity.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Senators <a href="https://twitter.com/JDVance1?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JDVance1</a> &amp; <a href="https://twitter.com/SenThomTillis?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SenThomTillis</a> Demand Explanation For The SEC's Errant Announcement Of The Approval Of Spot-Bitcoin ETFs
 "It is unacceptable that the agency entrusted with regulating the epicenter of the world’s capital markets would make such a colossal error." <a href="https://t.co/xG77jM9xAM" rel="noopener noreferrer nofollow">pic.twitter.com/xG77jM9xAM</a>
 — Senator Vance Press Office (@SenVancePress) <a href="https://twitter.com/SenVancePress/status/1744924216300810631?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 10, 2024</a>
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“It is unacceptable that the agency entrusted with regulating the epicenter of the world’s capital markets would make such a colossal error,” they wrote.
“We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised. We encourage all users to enable this extra layer of security,” X posted.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 “turns out the sec was worried about the wrong security” <a href="https://t.co/NAComcTcSH" rel="noopener noreferrer nofollow">pic.twitter.com/NAComcTcSH</a>
 — twicrates 5’8.375 (@twicrates) <a href="https://twitter.com/twicrates/status/1744845090558796209?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 9, 2024</a>
</blockquote>
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The post <a href="https://bitcoinworld.co.in/hacker-exploited-sec-chairs-phone-number-to-post-fake-spot-btc-etf-approval-x/" rel="noopener noreferrer nofollow">Hacker Exploited SEC Chair’s Phone Number To Post Fake Spot BTC ETF Approval: X</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Hacker Exploited SEC Chair’s Phone Number To Post Fake Spot BTC ETF Approval: X

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