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The head of the SEC published a report on the hacking Twitter's page on January 9

Market and Events: The head of the SEC published a report on the hacking Twitter's page on January 9

SEC Chairman Gary Gensler published the regulator's report on the breach of their X (formerly Twitter) page. This indirectly confirmed the platform's administration's findings.

To recap, on January 9, 2024, a message about the approval of spot bitcoin-ETFs appeared on the SEC's X page. The publication was swiftly removed, and Gensler alleged that the agency's account had been compromised.

The media placed the blame for the incident on the social network, but the network denied these claims. According to the X administration, the breach occurred due to the absence of two-factor authentication on the Commission's account.

In the report, #Gensler verified that an unidentified attacker gained entry to the page using one of the employees' phone numbers. However, the report did not mention anything about two-factor authentication.

"While the SEC staff is still evaluating the extent of the incident, there is presently no evidence to suggest that an unauthorized party accessed the Commission's systems, data, devices, or other accounts"the report says.

The agency also stated that they are examining the impact of the breach on the market. It is worth noting that following the publication of the false statement regarding the approval of spot #bitcoin-ETFs, the value of the underlying asset initially surged but subsequently declined.

The report highlights that the #SEC is actively collaborating with law enforcement agencies and cybersecurity experts in their investigation of the incident and the search for the perpetrator.

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