It was one week ago this Tuesday that a hacked AP account tweeted, “Breaking: Two Explosions in the White House and Barack Obama is injured” to its 1.9 million followers.
Moments later, the @AP twitter handle released a statement saying they had been hacked and that President Obama was fine, but the markets had already reacted. The Dow Jones Industrial Average plummeted 150 points and lost $136 billion in value before rebounding.
The Syrian Electronic Army, a group that backs Syrian President Bashar al-Assad and attacks western media for what they believe to be unfair coverage of the country's ongoing conflict, has taken responsibility for the hack.
The U.S. Commodity Futures Trading Commission is investigating the Twitter hoax and held a panel discussion Tuesday on “market issues resulting from the April 23 twitter attack.”
The CFTC’s technology committee is made up of bankers, scholars, and traders who, according to The New York Times, are looking at 28 different futures contractsRead More »from CFTC Holds Twitter #HackCrash Hearing