Bitcoin scandal.  Hacked SEC account on platform X has shaken the stock

Bitcoin scandal. Hacked SEC account on platform X has shaken the stock

The price of bitcoin increased to nearly 48,000. dollars after the official SEC profile on the X platform published an unauthorized entry about the approval of the Bitcoin ETF – say analysts from XTB. First, there was dynamic growth, and then a sudden sale. The rate now remains around 46,000. USD.

The US Securities and Exchange Commission, or SEC, announced yesterday that its account on the X platform, owned by billionaire Elon Musk, was hacked. The entry was quickly deleted, but the head of the SEC, Garry Gensler, said that there had been a hack and the Bitcoin ETF was not approved.

Premature entry on platform X?

that the denial in Gensler’s post leaves room for interpretation. “Bloomberg ETF analyst Eric Balchunas, who recently suggested that Bitcoin spot approval has a greater than 90% chance, claims that ‘someone prepared a planned tweet and simply gave the wrong date (…) The tweet would make sense this time tomorrow. Tone entry sounded like it was SEC (…) But we’ll see’ – we read, among others, on XTB.

Platform “We can also confirm that two-factor authentication was not enabled on the account at the time of the breach,” X’s security team added.

The release comes amid widespread expectations that the SEC will give final approval to spot bitcoin ETFs on Wednesday, a potential watershed moment for the cryptocurrency industry. Meanwhile, the unauthorized post took the industry by surprise. – emphasizes Reuters. The price of bitcoin in the fake post rose to around 48,000. dollars, and a few minutes later it dropped below 45,000. dollars. Now it is between 45-46 thousand. dollars. The SEC would not confirm whether the incident would impact potential approval.

In 2022, hackers took over the accounts of, among others: Gates, Buffett, Obama and Musk

Accounts can be taken over through security breaches by the social media platform itself. For example, in 2020, a teenage hacker and his friends broke into the internal computer network of X and . Those affected included accounts belonging to Barack Obama, Kim Kardashian, Jeff Bezos and Elon Musk. After stealing the accounts, which are followed by millions of Twitter users, the criminals began to post entries on them encouraging people to deposit money into one of the bitcoin accounts. According to information blockchain.com website showed that in total, the fraudsters managed to extort almost PLN 120,000. dollars.

Fake entry on Bill Gates’ account Twitter

Source: Gazeta

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