The SEC’s Official Website Is Currently Down: Public in Frenzy

• The Securities and Exchange Commission’s (SEC) official website is currently down and possibly experiencing a technical issue.
• The issue creates a frenzy as it probes security concerns reflecting January’s security breach.
• While the community awaits the SEC’s positive response to the potential ETH ETF launch, the current issue poses concerns.

The official website of the Securities and Exchange Commission (SEC) is currently experiencing technical issues, probing security concerns. While the website merely displays the ambiguous message “page not found,” it could direct the public to several conclusions, including a potential security breach.

In a previous incident in January 2024, when the crypto community was largely anticipating the SEC’s Spot Bitcoin ETF approval, the regulator’s X account was hacked. The hacker announced that the SEC approved the exchange-traded fund, triggering a substantial hike in BTC price.

Soon, the SEC recovered the page and deleted the post half an hour later. The officials disclosed that the account was compromised as it didn’t have two-factor authentication at the time. As reported, an unauthorized individual gained access to the account through a number associated with the account.

While the SEC’s previous hack resulted in a staggering increase in BTC price, analysts viewed it as a “massive opportunity for disinformation.” At this time, when the community is anxiously awaiting a positive sign from the SEC for the potential Ethereum ETF approval, the website error causes a dilemma.

Recent reports highlighted the SEC’s silence to the Ethereum ETF launch. Though the community previously expected the SEC’s approval of the Ethereum ETF launch by May 2024, the regulator’s lethargy made the optimism wane.

Fox Business journalist Eleanor Terrett shed light on the SEC’s reluctance to communicate with the ETF issuers, unlike their previous enthusiasm prior to the Bitcoin ETF launch. Reportedly, the increasing criticism and opposition from leading crypto critics like Senator Elizabeth Warren influences the SEC’s decision.

Meanwhile, the SEC’s official X page was active till the evening of March 14, when they announced the charge against 17 individuals who were involved in a $300 million Ponzi scheme. Reportedly, the scheme involved Houston-based CryptoFX LLC and targeted the Latino community.