Oh wow, that was quite a hack. I understand why someone would do that, but it proves, once again, how bad security is on Twitter, and that even official Twitter accounts can't be fully trusted because you don't know if the message was actually written by the owner. Still, even a scandal like this puts additional pressure in the SEC, making people once again focus on the matter of ETFs. It's also a good way for the SEC to test the reaction of people in case they approve an ETF. So, who knows, maybe it was intentional, just to test it out and then see how people also react to the refutation.
It wasn't a hack, unless every time someone guesses your password you call it this way.
The SEC has made a fool of itself. The organization that is supposed to protect investors, that tells you what is safe and is not, that says it fights market manipulation has successfully compromised itself by leaking out its phone number that was used to register the account and not using 2FA.
How are they supposed to stop market manipulation if its own twitter account (yes I prefer the old name) causes one?
