Decrypt - The FBI arrested a man for hijacking the SEC’s Twitter account to falsely announce Bitcoin ETF approval, briefly manipulating Bitcoin prices, underscoring the need for investor vigilance against cryptocurrency market manipulation

https://decrypt.co/286910/fbi-arrest-sec-twitter-hack-bitcoin-etfs

The FBI arrested Eric Council Jr. for hijacking the SEC’s Twitter account using SIM swapping, falsely tweeting that Bitcoin ETFs were approved, leading to a temporary spike in Bitcoin prices.

This highlights the risks of cryptocurrency market manipulation through cyberattacks, where false information can significantly impact prices.

Investors should remain vigilant, as such schemes can lead to financial losses and emphasize the importance of securing personal data and digital assets.