Elon Musk says SEC’s password was LFGDogeToTheMoon

Reportedly an unknown hacker hacked the official X (Twitter) account of the American securities regulatory body, to manipulate the trade price of Bitcoin via fake news. 

Late Tuesday night, a hacker hacked the official X account of the United States Securities and Exchange Commission (SEC) and tweeted that the SEC body approved Bitcoin spot ETF applications. 

Following that fake tweet, the trade price of Bitcoin surged rapidly by a few % within minutes but the SEC chairman Gary Gensler suddenly informed that the tweet was published by a third person, who hacked the SEC’s X account.

X’s safety team investigated this hacking incident & confirmed that no security protocol of the platform was breached and the hacker hijacked the account via control over a phone number associated with the @SECGov. 

In the last 5-6 months, the whole crypto community noted that the hackers mainly targeted highly influential X accounts of the crypto sector and tried stealing money via fake crypto airdrop programs.

In Dec 2021, the X account of Indian Prime Minister Narendra Modi was hacked and the hacker tweeted that the government decided to legalise Bitcoin in India & also invited people to join the 500 Bitcoin airdrop campaign, obviously a scam trap.

Elon Musk’s response

Tesla CEO & X owner Elon Musk responded to a tweet about this incident & made fun of the SEC’s X account password.

Musk said SEC’s password was LFGDogeToTheMoon. 

For many months, Musk hadn’t talked about Cryptocurrencies. He is a big supporter & lover of Dogecoin (Doge) but so Dogecoin lovers will calculate Musk’s latest tweet in favour of Dogecoin. 

Read also: Solana (Sol) maintains 3,000 active developers in 2023, Sol rally started again?