New York CNN —The Securities and Exchange Commission said Wednesday the FBI is investigating the hack of the agency’s social media account that rocked the bitcoin world earlier this week ahead of the regulator’s approval of a bitcoin exchange-traded fund late Wednesday.
One crypto exchange, Coinbase, even posted a celebratory message on social media Tuesday.
However, 15 minutes later SEC Chair Gary Gensler said the agency’s account was “compromised,” allowing for an “unauthorized” tweet to get posted.
A spokesperson for X later said that the SEC’s social media account lacked the basic security measure of two-factor authentication, raising serious questions about the agency’s cybersecurity protocols.
That alleged lack of security is particularly befuddling, given the SEC’s previous ruling that social media posts could serve as public announcements for investors.
Persons:
“, ”, bitcoin, Gary Gensler, “ I’m, ” Sen, Sherrod Brown, Brown, JD Vance, Thom Tillis, Gensler, Nick Smart, X, Nicole Goodkind
Organizations:
New, New York CNN, Securities, Exchange Commission, FBI, SEC, SEC’s, ”, Banking Committee, Republican Sens
Locations:
New York