Gary Gensler reacts to the hacking of SEC’s Account X:
- Gary Gensler states that there is no evidence that the hacker who accessed SEC’s Account X infiltrated other systems.
- The SEC is collaborating with the FBI and other agencies to investigate the incident and assess its impact on investors and the crypto markets.
- Gensler emphasizes that the SEC does not use X or other social media platforms to announce official developments.
The SEC Security Breach and Its Consequences
On January 9th, the official SEC Account X was compromised, raising concerns about the agency’s information and system security.
Gary Gensler, the SEC Chairman, swiftly responded, stating that there was “no evidence” that the hacker gained access to other systems or social media accounts. This statement aims to reassure investors and market participants about the security of information held by the SEC.
The agency is taking this incident seriously and currently assessing its potential impact on other agencies, as well as investors and the cryptocurrency markets.
Measures Taken by the SEC
In response to this incident, the SEC is closely collaborating with law enforcement agencies, including the FBI and the Cybersecurity and Infrastructure Security Agency of the Department of Homeland Security.
These joint efforts aim to further the investigation and determine if additional corrective measures are necessary. Gensler also clarified that the SEC does not use X or other social media platforms to communicate official announcements, an important clarification following the false announcement of an approved Bitcoin ETF by the SEC, published by the hacker.
This situation has also led to calls for a more in-depth investigation into the SEC’s cybersecurity practices by US senators.
