The official SEC web site is presently down: Public in a frenzy

• The official web site of the Securities and Change Fee (SEC) is presently down and could also be experiencing a technical downside.
• The problem is inflicting a frenzy because it explores safety considerations mirroring the January safety breach.
• Whereas the neighborhood awaits a constructive response from the SEC on the potential launch of an ETH ETF, the present subject is inflicting concern.

The official web site of the Securities and Change Fee (SEC) is presently experiencing technical points which can be investigating safety points. Whereas the web site solely shows an ambiguous “web page not discovered” message, it may lead the general public to a number of conclusions, together with a possible safety breach.

In a earlier incident in January 2024, when the crypto neighborhood was largely anticipating the Spot Bitcoin ETF to be accepted by the SEC, the X regulator’s account was hacked. A hacker introduced that the SEC had accepted an exchange-traded fund, which triggered a considerable improve within the value of BTC.

The SEC quickly restored the web page and deleted the put up half an hour later. Officers revealed that the account was compromised as a result of it didn’t have two-factor authentication on the time. As reported, an unauthorized particular person gained entry to the account by way of the quantity related to the account.

Whereas the earlier SEC hack led to a staggering improve within the value of BTC, analysts noticed it as a “enormous alternative for misinformation.” At this second, when the neighborhood is eagerly awaiting a constructive signal from the SEC for the potential approval of the Ethereum ETF, the web site error is inflicting a dilemma.

Latest stories have highlighted that the SEC is silent on the launch of the Ethereum ETF. Though the neighborhood had beforehand anticipated the SEC to approve the launch of an Ethereum ETF by Might 2024, the regulator’s lethargy has brought on optimism to wane.

Fox Enterprise reporter Eleanor Terrett make clear the SEC’s reluctance to speak with ETF issuers, in distinction to their earlier enthusiasm for the launch of Bitcoin ETFs. The SEC’s determination is alleged to be influenced by rising criticism and opposition from main crypto critics comparable to Senator Elizabeth Warren.

In the meantime, the official X SEC web site was lively till the night of March 14, when it introduced prices towards 17 people who had been concerned in a $300 million Ponzi scheme. The scheme allegedly concerned Houston-based CryptoFX LLC and focused the Latino neighborhood.