© Reuters
WASHINGTON – In a series of security breaches, major cryptocurrency-related social media accounts were compromised, leading to the spread of misinformation and market disruption.
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In a separate incident, the Twitter account of the United States Securities and Exchange Commission (SEC) was also hacked today. The attackers posted incorrect announcements regarding the approval of an ETF, which briefly roiled the market before the erroneous information was corrected.
Adding to the wave of cyber threats, Ethereum co-founder Vitalik Buterin’s Twitter account was hacked today. The security flaw was used to promote a phishing link, disguised as an Ethereum update, which could put people following it at risk of financial loss.
These security breaches have raised concerns about the vulnerability of social media accounts associated with cryptocurrencies. The SEC incident, in particular, highlighted the lack of two-factor authentication, a basic security measure, on its Twitter account.
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