The official X account of the United States Securities and Exchange Commission was “compromised” this afternoon, ensuing within the publication of an “unauthorized” put up, according to SEC chair Gary Gensler. The account, @SECGov, additionally said the account had been compromised.

“The SEC has determined that there was unauthorized access to and activity on the @SECGov x.com account by an unknown party for a brief period of time shortly after 4 pm ET,” an SEC spokesperson stated in an announcement to WIRED. “That unauthorized access has been terminated. The SEC will work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct.”

X didn’t but reply to WIRED’s request for remark.

The @SECGov account revealed a put up this afternoon relating to the regulatory standing of Bitcoin ETFs, a monetary product that may enable folks to put money into bitcoin like customary shares. The put up, which additionally included a picture with an apparently pretend quote from Gensler, has since been deleted.

The pretend put up appeared to result in a short spike in Bitcoin’s worth of round 2.5 p.c, to just about $47,870, earlier than crashing round 3.2 p.c from its unique value.

Following information of the SEC’s compromised account, US senator Bill Hagerty said in a post on X that Congress ought to examine the incident.

“Just like the SEC would demand accountability from a public company if they made such a colossal market-moving mistake, Congress needs answers on what just happened,” Hagerty, a Tennessee Republican, wrote. “This is unacceptable.”

This is no less than the second high-profile compromise of an X account in current days. Mandiant, a number one cybersecurity agency now owned by Google, had its X account hacked on January 3. A scammer used their entry to put up a malicious hyperlink in an try and steal cryptocurrency from victims.

X proprietor Elon Musk’s aggressive slashing of the corporate’s workers has, over the previous 12 months, raised fears that the cuts would go away X (previously Twitter) unable to safe a platform trusted by customers that embrace high-profile figures and authorities companies worldwide. One former Twitter data safety official sued Musk and others for alleged wrongful termination after he was fired for, he claims in the lawsuit, arguing that the workers cuts would intervene with X’s potential to adjust to a 2011 consent decree with the US Federal Trade Commission to guard customers’ private data.