The official X account of the U.S. Securities and Exchange Commission (SEC) released “fake news” this morning (10th) announcing the approval and trading of a Bitcoin spot ETF. In response to this incident, CNBC, a foreign media outlet, reported that it was “X hacked, not SEC hacked,” attempting to shift the blame to the X platform. Elon Musk humorously responded that this is the way traditional media operates.
The controversy surrounding this incident has caused extreme dissatisfaction among many cryptocurrency communities. They believe that while the SEC has set multiple barriers for the approval of a Bitcoin spot ETF, it did not ensure the security of its official X platform account. Some people also believe that they simply do not trust the SEC to regulate cryptocurrencies because it is widely known that X platform’s news is crucial to the cryptocurrency market.
Interestingly, when Musk was asked by netizens about the SEC’s X platform password, he sarcastically and humorously revealed “LFGDogeToTheMoon,” indicating that Dogecoin is heading to the moon. This response once again brought Musk closer to Dogecoin.
Community speculation suggests that the SEC may have been a victim of SIM card hijacking. It is worth mentioning that some members of the community quickly attempted to log into the SEC’s X account and discovered that the account did not have two-factor authentication. They concluded that the theft of the SEC’s account could be attributed to two main reasons. The first is SIM card hijacking, a method that involves transferring or duplicating the victim’s SIM card information, and then controlling the account through SMS two-factor authentication (2FA). The second is phishing attacks, which usually involve the victim clicking on phishing links in private messages. These links are often disguised as collaboration or interview invitations. Even if the account has Google’s two-factor authentication (2FA), once the user authorizes the phishing website, the attacker can still control the account.
Regardless of the method used, during these tense moments in the cryptocurrency market, readers and investors are advised to carefully consider the source of information and be aware of the risks before making any investments.
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– BlackRock expects ETF to be approved on January 10? VanEck: Rumors suggest they are preparing to issue a $2 billion Bitcoin spot ETF in the first week.