SEC’s X Account Hacked, Causing Frenzy Over Bitcoin ETF – The New York Times

For 15 minutes, the cryptocurrency industry was euphoric.

At 4:11 p.m. on Tuesday, the official X account of the Securities and Exchange Commission announced that regulators had approved a new investment product tracking the price of Bitcoin, an apparent victory for embattled crypto supporters. Coinbase, a giant crypto exchange, posted a celebratory banner. Crypto executives hailed it as a historic day for the industry. Bitcoin’s price spiked.

Then at 4:26 p.m., Gary Gensler, the chair of the S.E.C., posted that the agency’s account had been compromised, resulting in an “unauthorized tweet.” An S.E.C. spokeswoman confirmed the hack in an emailed statement.

Source: SEC’s X Account Hacked, Causing Frenzy Over Bitcoin ETF – The New York Times