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The Federal Bureau of Investigation (FBI) identified and arrested a person who shared a fake ETF (Exchange Traded Fund) announcement from the official account of the U.S. Securities and Exchange Commission (SEC) in January 2024. The tweet in question caused short-term panic among investors and caused fluctuations in the stock market.
As a result of the extensive investigation conducted by the FBI, it was revealed that the suspect illegally gained access to the SEC’s social media accounts and announced the launch of a fake ETF. The tweet claimed that a new ETF had been launched and that this investment vehicle offered high-yield opportunities. This misleading information spread rapidly, especially on social media, causing investors to take sudden actions.
The Person Responsible for the Events with the SEC Tweet Revealed
The FBI’s cybercrime unit was able to identify the source of the tweet as a result of the technical examination it launched following the incident. Authorities stated that the suspect used cybersecurity vulnerabilities to access the SEC account. The criminal’s aim was to gain unfair profits by manipulating the markets.
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FBI officials did not disclose the identity of the arrested person, but it was stated that this person will be tried for crimes such as fraud and market manipulation. The investigation is still ongoing and it is being investigated whether there are other accomplices in the incident.
SEC and Cybersecurity Vulnerability
The SEC stated in a statement after the incident that they increased their security measures after this unauthorized access to social media accounts. The Commission emphasized that it has implemented advanced security protocols to prevent similar attacks.
Experts state that such manipulation attempts can have serious effects on the markets and that investors should be careful. The spread of false information has become a rapidly growing threat, especially on social media platforms. This incident has once again revealed how sensitive financial institutions and regulatory bodies are to cybersecurity risks.
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