Crypto hacks on X show no sign off slowing down in 2024 | Protos
Just 12 days into 2024, X (formally Twitter) has experienced a myriad of hacked accounts that post crypto scams — a trend spilling over from 2023. High-profile accounts, from government agencies to celebrities, have all been targeted by hackers to promote scams, crypto tokens, or just troll followers unaware of the misinformation at play. Here’s a series of Crypto -related hacks that have already taken place this year. SEC posts fake bitcoin ETF approval On January 10, the X account of the Securities and Exchange Commission (SEC) claimed it had approved spot bitcoin ETFs — a highly anticipated event in bitcoin history that sent its price momentarily rocketing. However, minutes later, the SEC clarified the post was fake and that its account was compromised, bringing BTC’s price down. Investigators at X claimed that an “unidentified individual” had access to the account’s associated phone number and that two-factor authentication wasn’t set up. The @SECGov twitter...