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Wild. The SEC Twitter account did not have MFA enabled. These are the people in charge of protecting other people, yet they cannot even protect themselves.

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samuel 2y ago

Sorry I’m not buying that this account was even compromised. Here’s the deal if this was actually a compromise situation why wouldn’t a person post that they’ve rejected all ETFs so that they could actually buy #bitcoin cheaper that would’ve caused a massive drop in the price of bitcoin also, why would they have waited until after hours right at 4 o’clock after markets close? Why not make a move 30 minutes before markets closed.

Occam’s razor suggests that someone at the SEC scheduled a tweet for the wrong day.

Prove me wrong

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Discussion

Derek Ross 2y ago

Well, that's really easy. The SEC posts after markets close as to not manipulate markets. The timing of the supposed fake tweet is accurate. Next, this is probably a fiat minded person that wants to make more fiat, not snatch up cheap bitcoin. They figured if the price pumped that they could quickly sell, which is what we saw happen in minutes afterwards. Its entirely possible that this tweet was scheduled to go live via whatever third party social media solution that they use, and the attacked just pushed it live a day early as I initially suggested.

samuel 2y ago

I guess you have to think with a fiat mind to consider this, rational. I haven’t held significant amounts of fiat for 10 years now I guess I’m not like them.

burns 2y ago

This.