Cryptocurrency

Tweet by the SEC

2024-01-09 [vendor] SEC Twitter account compromised [chain] bitcoin
Primary Source ↗
Blockchain(s) Bitcoin

Incident Details

As the crypto industry collectively turns blue holding its breath for a decision on a raft of bitcoin spot ETFs currently in front of the SEC, the SEC Twitter account was hacked. The hacker posted an announcement stating that the Commission had approved bitcoin ETFs, even including a graphic with a fake quote from Chairman Gary Gensler.Bitcoin briefly spiked by about $1,000 before dipping around $1,000 below its previous price, as traders excitedly reacted to the news, and then the news that the news was fake.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
SEC Twitter account compromised

Timeline

  1. 2024-01-09 Breach occurred
  2. 2024-01-09 Publicly disclosed