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Gary Gensler responds to US lawmakers over SEC’s false spot Bitcoin ETF tweet
United States Securities and Exchange Commission (SEC) Chair Gary Gensler penned a response to four lawmakers in the House of Representatives over an “unauthorized” tweet sent from the official SEC X account on Jan. 9. In a Feb. 6 letter to Representatives Patrick McHenry, French Hill, Bill Huizenga and Ann Wagner, Gensler confirmed earlier reports that a hacker had been able to gain access to the SEC’s X account using a “SIM swap” attack, falsely declaring that the commission had approved spot Bitcoin BTC tickers down $49,911 exchange-traded funds for listing and trading on U.S. exchanges. According to the ... (full story)
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Gensler Letter to Chairmans McHenry, Huizenga, Hill, and Wagner
Thank you for your letter regarding the unauthorized access to the Securities and Exchange Commission’s (SEC) @SECGov X.com account on January 9, 2024. I appreciate your taking the time to share your thoughts. As your letter notes, on Tuesday, January 9, 2024, the SEC’s @SECGov X.com account was accessed by an unauthorized party. The party gained access to the account shortly after 4:00 pm ET by obtaining control over the phone number associated with the account in an apparent “SIM swap” attack. 1 Based on staff’s consultation with the SEC’s telecom carrier, it appears that the unauthorized access to the ... (full story)