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.

The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.

— Gary Gensler (@GaryGensler) January 9, 2024

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. 

We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number…

— Safety (@Safety) January 10, 2024

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.

Indian PM Modi’s Twitter Account Hacked, Bitcoin Promoted In A Tweet #modi #hack #hacked #bitcoin #bitcoinprice

— FXEmpire (@FXEmpirecom) December 13, 2021

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. 

LFGDogeToTheMoon!!

— Elon Musk (@elonmusk) January 9, 2024

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. 

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