Elon Musk jests at SEC, referencing 'LFGDogeToTheMoon' as a regulator's password, responding to a compromised tweet endorsing Bitcoin ETFs.
Musk's Quip on SEC's X Password
Elon Musk humorously references "LFGDogeToTheMoon" in response to speculation about the SEC's password.
Misleading SEC Tweet & Consequence
A compromised SEC account posted false approval of Bitcoin ETFs, swiftly retracted within 30 minutes, emphasizing no such authorization.
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Security Breach Acknowledgment by SEC
The SEC confirmed the security breach on its @SECGov X account, clarifying the absence of approval for spot Bitcoin exchange-traded products.
Musk's Crypto Engagement & Recent Remarks
Musk previously disclosed minimal focus on cryptocurrencies, expressing disinterest in a recent conversation, leaving enthusiasts possibly disappointed.
DOGE Price Update
DOGE currently trades at $0.080, showing a slight decline of 0.04% in the past 24 hours (as per Benzinga Pro at the time of writing).
This incident underscores potential vulnerabilities in online security, necessitating vigilance against unauthorized access to official accounts.