October 17, 2024 at 02:22PM Eric Council, a 25-year-old from Alabama, was arrested for allegedly hacking the SEC’s X account using a SIM-swap attack, resulting in a fake announcement about Bitcoin ETF approvals. The scheme caused Bitcoin’s price to fluctuate dramatically. Council faces charges of conspiracy and identity theft, with a potential five-year prison sentence. … Read more
January 23, 2024 at 02:59PM The SEC’s X account was compromised in a SIM-swapping attack, leading to a Bitcoin ETF message and federal inquiries. The SEC admitted disabling multi-factor authentication in July 2023. SIM swapping is difficult to defend against, involving social engineering and exploiting vulnerabilities in telecom APIs. Investigations into the incident are ongoing … Read more
January 9, 2024 at 05:31PM The U.S. Securities and Exchange Commission’s account, X, was hacked to falsely announce the approval of Bitcoin ETFs. The tweet, promptly deleted, led to a temporary spike in Bitcoin prices. However, the SEC clarified that no such approval had been granted. This incident follows a string of account breaches targeting … Read more
January 9, 2024 at 04:53PM The SEC’s Twitter account was hijacked to falsely announce approval of Bitcoin ETFs, causing a surge and subsequent drop in cryptocurrency prices. The misleading tweet was deleted, and SEC chairman Gary Gensler confirmed it as false. Bitcoin initially spiked to $47,900 but is now at $46,247. Developments ongoing. The SEC’s … Read more