WASHINGTON - In a series of security breaches, prominent cryptocurrency-related social media accounts have been compromised, leading to the spread of false information and causing disturbances in the market.
On today, Rocket Pool (NASDAQ:POOL) X's social media channels fell victim to a cyber attack, where false claims about asset transfers were made, citing non-existent vulnerabilities in smart contracts.
In a separate incident, the U.S. Securities and Exchange Commission's (SEC) Twitter account was also hacked today. The attackers posted incorrect announcements regarding the approval of a Bitcoin ETF, which briefly stirred the market before the misinformation was corrected.
Adding to the wave of cyber threats, the Twitter account of Ethereum co-founder Vitalik Buterin was hacked today. The security breach was used to promote a phishing link, disguised as an Ethereum update, potentially putting followers at risk of financial loss.
These security lapses have raised concerns over the vulnerability of social media accounts associated with cryptocurrencies. The SEC's incident, in particular, highlighted the lack of two-factor authentication, a basic security measure, on their Twitter account.
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