The website
of the US Securities and Exchange Commission (SEC) went down on Friday night,
and at the time of writing this article, it is still unresponsive. The
institution has not yet provided official reasons, and social media rumors
suggest that a DDoS attack may have occurred.
The online
community also notes that the SEC website downtime coincided with a stronger
drop in Bitcoin (BTC), which is currently losing 4.4%, falling back below the
$70,000 level.
SEC Website Not Working,
DDoS Attack Speculations
The first
reports that the SEC website had stopped working began to appear around 3 AM
GMT. Since then, the situation has not changed, and attempting to access
SEC.gov redirects to SEC.gov/core/install.php and displays the message
“Page not found.”
3 hours after since the first reports, #SEC website is still down… https://t.co/nSG1hiiUPf pic.twitter.com/GNYbDvshpe
— JustDario 🏊♂️ (@DarioCpx) March 15, 2024
Apart from
fragmentary information on X (formerly Twitter), it is difficult to find more
details online about what caused the SEC website outage, when exactly it
occurred, and how long it may last.
However,
there are speculations that a DDoS attack or cyberattack on the domain of the
U.S. regulator may have occurred.
Cybersec. SEC. Website. Tech intel:#BREAKING The Security Exchange Commission[SEC] website has been taken down.Either ddos attack. Or cyberattack.https://t.co/rKGhSyrstT Developing… pic.twitter.com/M5UecqPluW
— WayneTech SPFX®️ (@WayneTechSPFX) March 15, 2024
Interestingly,
some services offered through the domain are still working. One of them is the
EDGAR search engine, which is the register of U.S. companies supervised by the
commission.
Bitcoin Began Dropping at
the Same Time
Interestingly,
Twitter users point out that the moment the SEC website went offline coincided
with stronger drops in Bitcoin, which also began in the middle of the GMT
night.
At the
moment, BTC is falling by more than 4% and hitting daily lows at the $66,800
level, clearly dropping below $77,000 and moving nearly 10% away from
historical highs.
The sec website is down from possible ddos attacks, and #Bitcoin has lost 5k in value since it happened.. Coincidence? 🖤🦢🩸
— Vladdy 🐸 (@VisualsVlad) March 15, 2024
The drop is
most likely just a coincidence. We are monitoring the situation closely and
will inform you when the SEC website is back online.
This article was written by Damian Chmiel at www.financemagnates.com.Retail FXRead More