Posted 1/10/2024, 1:22:00 AM
SEC Twitter Hacked in Bitcoin Market Manipulation Scheme
- SEC's official Twitter account was hacked, tweeting bogus information about bitcoin ETF approval that manipulated markets
- The fake tweet caused bitcoin's price to pump and then plummet rapidly as traders reacted
- The incident prompted outrage and calls for an investigation from crypto-friendly lawmakers and users
- Ironically, the SEC tweet contradicts the regulator's own warnings about internet misinformation and market manipulation risks
- The hack raised concerns about the SEC's cybersecurity and its ability to protect itself and investors