{"id":2144684,"date":"2024-01-09T17:18:08","date_gmt":"2024-01-09T22:18:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hacked-sec-account-announces-misleading-bitcoin-news-chairman-gary-gensler\/"},"modified":"2024-01-09T17:22:21","modified_gmt":"2024-01-09T22:22:21","slug":"hacked-sec-account-announces-misleading-bitcoin-news-chairman-gary-gensler","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hacked-sec-account-announces-misleading-bitcoin-news-chairman-gary-gensler\/","title":{"rendered":"SEC account hacked, Chairman Gensler&#8217;s bitcoin news misleading"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhacked-sec-account-announces-misleading-bitcoin-news-chairman-gary-gensler%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2144684&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>SEC&#8217;s Twitter Account Hacked, Fake Announcement on Bitcoin Approval<\/h2>\n<p>The Securities and Exchange Commission&#8217;s (SEC) official\u200b Twitter account, known as SEC X, was recently targeted by hackers who issued a false statement regarding the approval of bitcoin on national\u2064 securities exchanges. This surprising incident was revealed by SEC\u2063 Chairman Gary Gensler.<\/p>\n<p>On \u2064a Tuesday afternoon, the SEC X account made a stunning announcement, claiming that bitcoin had received the agency&#8217;s approval\u2064 for\u2064 listing and regulation. The post \u2062boldly stated, &#8220;Today the\u200b SEC grants\u2062 approval for #Bitcoin ETFs for listing on all\u200d registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures \u2064to ensure continued\u2062 investor protection.&#8221;<\/p>\n<p>What made this announcement even more\u200d convincing was the \u2062inclusion of\u2062 a supposed\u2063 quote from\u200b Gensler himself, praising the decision for promoting transparency and efficiency.<\/p>\n<p>However, just \u200dfifteen minutes later, Gensler took to Twitter to clarify that the SEC X account had been compromised, and\u2062 the announcement was entirely false. He wrote, &#8220;The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The \u2062SEC has not\u2062 approved the listing and trading of\u2062 spot bitcoin exchange-traded products.&#8221;<\/p>\n<p>This \u200bincident serves as a reminder of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/secret-service-agents-protecting-biden-granddaughter-open-fire-after-attempted-car-break-in\/\" title=\"Secret Service Agents Protecting Biden Granddaughter Open Fire After Attempted Car Break-In\">constant threats faced<\/a>\u200b by organizations in\u2062 the digital\u2064 age, highlighting the importance of robust cybersecurity measures to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/karine-jean-pierre-touts-bidens-progress-at-the-pump\/\" title=\"Karine Jean-Pierre praises Biden's fuel advancements\">protect\u200c sensitive information<\/a> and maintain trust\u2063 in\u2062 the financial industry.<\/p>\n<p> <\/p>\n<h2> What\u2062 steps should organizations, particularly those in the financial \u2063industry like the \u200dSEC, take \u200cto \u200denhance their cybersecurity measures and regain public trust after experiencing cyberattacks<\/h2>\n<p><span>  The recent hacking incident targeting the Securities and Exchange Commission&#8217;s\u200b (SEC) official\u200b Twitter \u200caccount, SEC X, has raised concerns about the vulnerability of organizations in the digital \u2062age. The hackers \u2063managed to \u2063issue \u2063a false statement regarding \u200cthe approval of bitcoin on national\u2064 securities exchanges, which was later revealed to be entirely fake by \u200cSEC Chairman Gary Gensler.<\/p>\n<p>On a Tuesday afternoon, the SEC X account made a shocking announcement, \u2062claiming that the agency had granted approval\u2064 for\u2064 the listing and regulation of bitcoin. The post boldly proclaimed, &#8220;Today the SEC grants\u2062 approval\u2064 for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved\u2063 Bitcoin ETFs will be subject to ongoing surveillance\u2063 and\u200c compliance measures \u2064to ensure continued\u2062 investor protection.&#8221;<\/p>\n<p>What made this announcement even more\u200d convincing was \u200dthe \u2062inclusion of\u2062 a supposed\u2063 quote from\u200b\u2062 Chairman Gensler himself, praising the decision for its promotion of transparency and efficiency. \u2063This added an air of credibility to the fake announcement.<\/p>\n<p>However, just fifteen minutes after\u2064 the initial announcement, Gensler took to \u200dTwitter to clarify that the SEC X account had been compromised, and\u2062 the announcement was\u200c entirely false. He explicitly stated, &#8220;The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The \u2062SEC has not\u2062 approved the listing and\u2062 trading of\u2062 spot bitcoin exchange-traded products.&#8221;<\/p>\n<p>This incident is a clear reminder of the constant threats faced by organizations in\u2062 the digital\u2064 age.\u2062 Hackers are becoming increasingly sophisticated in their techniques, making\u200b it imperative for \u200dinstitutions to bolster their cybersecurity infrastructure. The SEC is an institution responsible for regulating and overseeing the financial industry, making this breach particularly \u2062alarming.<\/p>\n<p>The hacking of the SEC&#8217;s Twitter \u2064account not only highlights the\u2062 vulnerability of organizations \u2064to cyberattacks but also serves as a\u200b serious blow to public trust\u2063\u2064 in\u2062\u2063 the financial industry. False announcements\u2062 of this nature can cause significant market volatility and\u2062 potentially harm\u2064 investors. It is crucial for organizations to take firm steps\u2063 to enhance their cybersecurity measures to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/they-pick-and-choose-biden-faces-backlash-for-publicizing-covid-vaccine-statuses-while-ordering-abortion-privacy\/\" title=\"\u2018They Pick And Choose\u2019: Biden Faces Backlash For Publicizing COVID Vaccine Statuses While Ordering Abortion Privacy\">protect sensitive information<\/a>.<\/p>\n<p>In response to this incident, the SEC\u2063 will undoubtedly review and strengthen its security protocols to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iranian-spies-have-infiltrated-the-american-government-lawmakers-warn\/\" title=\"Lawmakers caution of Iranian spies in US government.\">prevent similar breaches<\/a> in the future. \u200cIt is essential for the agency \u2062to\u200d regain \u2064the trust\u2063 of investors \u200cand\u200b the public by taking immediate action \u200dto\u2064 rectify the situation and \u200densure such incidents do not reoccur.<\/p>\n<p>The SEC&#8217;s experience serves as a cautionary tale for all organizations, emphasizing the importance of prioritizing cybersecurity initiatives. As technology continues to advance, the threats faced by businesses and institutions also\u200b evolve. It \u200cis imperative to remain vigilant and proactive in implementing robust\u2062 security measures to safeguard against potential breaches.<\/p>\n<p>In\u2064 conclusion, the recent hacking of the SEC&#8217;s Twitter account and \u2064the\u2064 subsequent false announcement\u2063 regarding \u200cthe approval of bitcoin highlights the urgent \u200cneed\u2064 for organizations to fortify their \u200ccybersecurity defenses. The incident serves \u2063as a reminder of the constant threats faced\u200b in the digital\u2064 age and underscores the\u200d significance of maintaining trust\u2063 in\u2062 the financial industry.\u200c Organizations must take \u200ddecisive action to protect sensitive information and prevent unauthorized access to their systems\u2063 to ensure the integrity of their operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Approval for bitcoin&#8217;s listing and regulation on national securities exchanges,&#8221; announced SEC Chairman Gary Gensler after the agency&#8217;s X account, previously Twitter, was hacked. The false announcement was made on Tuesday, causing confusion and concern within the financial community<\/p>\n","protected":false},"author":2653,"featured_media":2144686,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2144684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2144684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2144684"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2144684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2144686"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2144684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2144684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2144684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}