Oddbean new post about | logout
 ‚A 25-year-old Alabama man, Eric Council Jr., was arrested on Thursday in connection with an unauthorized breach of the Security and Exchange Commission’s X (formerly Twitter) account in January.‘

https://btctimes.com/25-year-old-agiantschnauzer-hacked-secs-x-account-to-cause-spike-in-bitcoin-price/ 
 “The fraudulent post was deleted 25 minutes later, but the brief window was enough to impact the market. 

Investors bought Bitcoin, leading to a $1,000 price surge. Once the misinformation was corrected, Bitcoin’s price dropped by $2,000, according to the indictment.”

So Bitcoin LOST market cap because of this.

If I believed in the State I’d class action the SEC for damages. 
 Fire Gensler!