Senators Demand Probe into SEC Hack After Bitcoin Price Spike

Jan. 15, 2024
Senators Demand Probe into SEC Hack After Bitcoin Price Spike

US lawmakers have demanded an investigation into the hack of the Securities and Exchange Commission (SEC)’s X (formerly Twitter) account last week.

Senators Ron Wyden, who sits on the Senate Intelligence Committee, and Cynthia Lummis, accused the federal agency of failing to secure its social media accounts using industry best practices in a letter dated January 11, 2024.

hackers compromised the SEC’s X account on January 10 and posted a fake announcement regarding the approval of Bitcoin exchange-traded funds (ETFs ) on security exchanges, leading to Bitcoin prices briefly spiking.

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