SEC Twitter Account Hacked to Post Fake Bitcoin Approval, Briefly Spiking Prices
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The SEC's official Twitter account was hacked to post a fake approval of Bitcoin ETFs, causing Bitcoin's price to briefly spike. The post was quickly deleted.
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Hackers likely obtained control of the SEC's account by commandeering a phone number associated with it through a third party.
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The hack follows recent incidents of hackers hijacking high-profile accounts to promote crypto scams, with access even for sale on the dark web.
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The fake SEC post claimed approval for Bitcoin ETF listings, triggering excitement from crypto accounts before the post was removed minutes later.
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Bitcoin's price rose from $46,746 to $47,863 after the fake post before sinking back down, underscoring the market's sensitivity to cryptocurrency regulation news.