SEC Chair Gensler Claims Isolation of X Account Hack Amidst Mounting Political Pressure From Lawmakers

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. (Credit: Reuters / EVELYN HOCKSTEIN)

KEY POINTS

• The SEC's X account was hacked on January 9
• It posted a tweet that stirred the market and saw around $90 million in liquidations
• Gensler: " there is currently no evidence that the unauthorized party gained access to SEC systems, data, devices, or other social media accounts"

U.S. Securities and Exchange Commission chairman Gary Gensler broke his silence last Friday, claiming that there is "no evidence" that hackers were behind the controversial tweet on January 9 and they have gained access to the financial regulator's other systems, data, or social media accounts.