Connect with us

Breaking News

Alabama man charged with hacking SEC’s X account, causing bitcoin to soar with fake post

Published

8 months ago

on

Alabama man charged with hacking SEC's X account, causing bitcoin to soar with fake post

An individual from Alabama was taken into custody on Thursday on charges of hacking into the Securities and Exchange Commission’s X account earlier this year, causing a surge in the value of bitcoin, federal prosecutors revealed.

In January, a hacker spread false information regarding an anticipated announcement from the SEC about bitcoin, leading to a sharp increase in the cryptocurrency’s price.

The misleading post on @SECGov claimed that the securities regulator had given approval for exchange-traded funds to include bitcoin.



In January, a hacker posted false news about a widely anticipated announcement the SEC was expected to make about bitcoin, shocking the market and sending the cryptocurrency’s price spiking. REUTERS

SEC logo
See also  Recruiter stunned by job seeker’s ‘red flag’ question
Related Topics:
Continue Reading

Trending