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.
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.