Bitcoin price jumps after hackers hijack SEC Twitter account | CyberScoop<\/title> <meta name=\"description\" content=\"SEC Chair Gary Gensler said an unauthorized tweet was posted after the agency's Twitter account was compromised.\"> <link rel=\"canonical\" href=\"https:\/\/cyberscoop.com\/sec-bitcoin-etf-gensler\/\"> <meta property=\"og:locale\" content=\"en_US\"> <meta property=\"og:type\" content=\"article\"> <meta property=\"og:title\" content=\"Bitcoin price jumps after hackers hijack SEC Twitter account\"> <meta property=\"og:description\" content=\"SEC Chair Gary Gensler said an unauthorized tweet was posted after the agency's Twitter account was compromised.\"> <meta property=\"og:url\" content=\"https:\/\/cyberscoop.com\/sec-bitcoin-etf-gensler\/\"> <meta property=\"og:site_name\" content=\"CyberScoop\"> <meta property=\"article:published_time\" content=\"2024-01-09T23:21:33+00:00\"> <meta property=\"article:modified_time\" content=\"2024-01-09T23:42:53+00:00\"> <meta 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<\/head><body class=\"post-template-default single single-post postid-78726 single-format-standard\" id=\"readabilityBody\"> <a href=\"https:\/\/cyberscoop.com\/sec-bitcoin-etf-gensler\/#main\" class=\"skip-to-content-link visually-hidden-focusable\">Skip to main content<\/a> <\/p>\n<div class=\"ad ad--top ad--top-desktop\">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p> <main id=\"main\" role=\"main\" tabindex=\"-1\"> <\/p>\n<div class=\"ad ad--top ad--top-mobile\">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<section id=\"stickybar\" class=\"stickybar stickybar--newsletter js-stickybar\" readability=\"0.82\"> <button class=\"stickybar__close js-stickybar-close\" aria-controls=\"stickybar\"> <svg class=\"icon icon--close\" width=\"21\" height=\"22\" viewBox=\"0 0 21 22\" fill=\"none\"><path d=\"m.822.518-.805.805L9.695 11 .017 20.678l.805.805 9.678-9.678 9.677 9.678.806-.805L11.305 11l9.678-9.677-.806-.805-9.677 9.677L.822.518Z\" fill=\"currentColor\" \/><\/svg> <span class=\"visually-hidden\">Close<\/span> <\/button> <\/section>\n<article class=\"single-article content\">\n<div class=\"single-article__container js-single-article-content\">\n<header class=\"single-article__header \" readability=\"24.602625298329\">\n<div class=\"single-article__header-content\" readability=\"29.545851528384\">\n<ul class=\"single-article__eyebrow\">\n<li class=\"single-article__category\"> <a class=\"single-article__category-link\" href=\"https:\/\/cyberscoop.com\/news\/government\/\"> <span>Government<\/span> <\/a> <\/li>\n<\/ul>\n<p> SEC Chair Gary Gensler said an unauthorized tweet was posted after the agency’s Twitter account was compromised. <\/p>\n<\/p><\/div>\n<div class=\"single-article__cover-wrap\">\n<figure class=\"single-article__cover\"> <img data-recalc-dims=\"1\" fetchpriority=\"high\" width=\"640\" height=\"426\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account.jpg?resize=640%2C426&ssl=1\" class=\"single-article__cover-image wp-post-image\" alt decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg 1920w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=300,200 300w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=768,512 768w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=1024,683 1024w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=1536,1024 1536w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=600,400 600w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=252,168 252w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=506,337 506w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=1013,675 1013w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/01\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account-1.jpg?resize=1265,843 1265w\" sizes=\"(max-width: 1013px) 100vw, 1013px\"><figcaption> Securities and Exchange Commission Chair Gary Gensler testifies before the Financial Services and General Government Subcommittee July 19, 2023 in Washington, DC. (Win McNamee\/Getty Images) <\/figcaption><\/figure>\n<\/p><\/div>\n<\/header>\n<div class=\"single-article__content\">\n<div class=\"single-article__content-inner has-drop-cap\"> <html readability=\"23.719824433065\"><body readability=\"47.690574539992\"><\/p>\n<p>The price of bitcoin briefly spiked on Tuesday after a post from the Securities and Exchange Commission\u2019s Twitter account claimed that the agency had approved exchanged traded funds to buy and sell the digital currency \u2014 a post the agency\u2019s chairman subsequently said had occurred because its account on the social media platform X had been compromised. <\/p>\n<p>Speculators and investors in bitcoin are <a href=\"https:\/\/www.wsj.com\/finance\/regulation\/secs-decision-on-spot-bitcoin-etfs-could-go-a-few-different-ways-96d76589\">eagerly awaiting news<\/a> of whether the SEC will approve bitcoin ETFs \u2014 which is expected to cause a flood of purchases in the digital currency, driving up the price \u2014 and Tuesday\u2019s post on the social media platform formerly known as Twitter seemed to confirm that the agency would greenlight the funds.<\/p>\n<p>But no such decision has been made, SEC Chair Gary Gensler wrote on X. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"wp-block-embed wp-embed-aspect-16-9\">\n<div class=\"wp-block-embed__wrapper\" readability=\"6.3\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"6.3\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.<\/p>\n<p>\u2014 Gary Gensler (@GaryGensler) <a href=\"https:\/\/twitter.com\/GaryGensler\/status\/1744833049064288387?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/figure>\n<div class=\"ad ad--inline_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p>In the less than 30 minutes that the SEC\u2019s account was compromised, <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\">bitcoin shot up in price<\/a>, nearly reaching $48,000 after trading around $46,500 on Tuesday. After Gensler\u2019s statement that the agency had not approved a bitcoin ETF, the price of the digital currency plummeted to below $46,000. <\/p>\n<p>The SEC did not offer any details on Tuesday as to how its account had been compromised.<\/p>\n<p>An SEC spokesperson said that the agency \u201cdetermined that there was unauthorized access to and activity on the @SECGov x.com account by an unknown party for a brief period of time shortly after 4 p.m.\u201d and that unauthorized access has been terminated.\u201d<\/p>\n<p>\u201cThe SEC will work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct,\u201d the spokesperson added <\/p>\n<p>Former Twitter employees <a href=\"https:\/\/cyberscoop.com\/twitter-ftc-privacy-musk\/\">have raised concerns<\/a> about security practices at X following its takeover by Elon Musk, who has slashed spending and has instituted widespread layoffs. Last week, hackers <a href=\"https:\/\/www.darkreading.com\/cyberattacks-data-breaches\/mandiant-s-x-twitter-account-hacked-to-promote-crypto-scam\">hijacked<\/a> the Twitter account belonging to the Google subsidiary Mandiant and used the account to direct users toward what appeared to be a cryptocurrency scam. <\/p>\n<div class=\"ad ad--inline_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p>Tuesday\u2019s incident is not the first time the takeover of a prominent Twitter account has resulted in wide swings in financial markets. When hackers compromised the Associated Press\u2019s Twitter account in 2013 and used it to post a false report of explosions at the White House, which briefly <a href=\"https:\/\/www.cnbc.com\/id\/100646197\">sent stocks sharply downward<\/a>. <\/p>\n<p><em>FedScoop reporter Rebecca Heilweil contributed reporting to this article. <\/em><\/p>\n<p><\/body> <\/p>\n<footer class=\"single-article__footer\" readability=\"0.75714285714286\">\n<div class=\"author-card\" readability=\"7\">\n<p><h4 class=\"author-card__name\">Written by AJ Vicens and Elias Groll<\/h4>\n<\/p><\/div>\n<div class=\"single-article__tags-container\">\n<h4 class=\"single-article__tags-title\">In This Story<\/h4>\n<\/p><\/div>\n<\/footer>\n<p> <\/html><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"single-article__ads js-single-article-sidebar\">\n<div class=\"ad ad--sidebar js-single-article-sidebar-5 ad--rightrail_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> 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{"id":2331,"date":"2024-01-09T23:21:33","date_gmt":"2024-01-09T23:21:33","guid":{"rendered":"https:\/\/cyberscoop.com\/?p=78726"},"modified":"2024-01-09T23:21:33","modified_gmt":"2024-01-09T23:21:33","slug":"bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account","status":"publish","type":"post","link":"https:\/\/ddi.mohflo.net\/index.php\/2024\/01\/09\/bitcoin-price-jumps-after-hackers-hijack-sec-twitter-account\/","title":{"rendered":"Bitcoin price jumps after hackers hijack SEC Twitter account"},"content":{"rendered":"