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by altairprime 895 days ago
Even if the hacking entity did the pump and dump, then their statement is valid: the SEC’s incaution made this possible.
2 comments

Since we're all being a bit pedantic here... the SEC would be responsible for negligently allowing a third-party pump to happen-- they would not be responsible for a pump and dump. Pump and dump requires intention (and requires dumping).
Yep, that’s a fine phrasing of it!
Assuming the account was compromised due to errors committed by the SEC, and not the masterful engineering and security protocols of X Corp