While fake ETF news, the decline in Bitcoin and whether ETF approval will come today remain the main agenda topics of the cryptocurrency market, how the SEC's X account was hacked continues to be discussed.
At this point, while many comments were made about the hacking of the SEC's account and concerns about the SEC's internal security procedures, two US senators wrote a letter to SEC Chairman Gary Gensler asking him to explain the hacking incident.
US senators JD Vance and Thom Tillis asked the SEC to submit a report to Congress on how X accounts were hacked.
In their letter to Gensler, the senators stated that the hacking incident raised serious concerns about the SEC's internal cyber security procedures and that they gave a deadline for the report on the incident to be submitted until January 23.
“This hacking incident experienced by the SEC is unacceptable.
These events raise serious concerns about the commission's internal cyber security procedures.
“It is also contrary to the commission's tripartite mission to protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation.”
The letter also asked Gensler a few questions to answer. At this point, senators asked Gensler, “Whether X sharing was made by someone within the SEC; whether the security breach changed the SEC's planned schedule to make the final decision on spot Bitcoin ETFs; and whether the SEC could compensate for financial losses resulting from the erroneous ETF approval sharing.” He was asked whether he was thinking of doing so.
While Gensler has not yet made a different statement following the hacking of the SEC and the erroneous Bitcoin ETF sharing, the SEC said in a statement last night that they launched an investigation into the hacking incident and that they are conducting this investigation together with US law enforcement.
*This is not investment advice.