Welcome to the Tech Mem Right Home for Wednesday, January 10th, 2023. I'm Brian McCullough today.

The SEC's X account was compromised by somebody jumping the gun on that Bitcoin EDF thing.

Layoffs are back even at companies that have yet to ship their first high profile products.

The hardware AI device at CES that everybody was talking about yesterday and what AI could do for medical

drug discovery like right now.

Here's what you miss today in the world of tech. The Ex account of the Securities and Exchange Commission briefly sent

crypto markets into turmoil after tweeting that Bitcoin EDF

applications had been approved. A follow-up ex post from US SEC chair

Gary Gensler said that the at-SEC goves Twitter account was compromised and that the

agency had not approved spot Bitcoin EDFs despite what the post said.

Quoting Coin Desk.

In a separate statement shared later, a spokesperson said, quote, there was unauthorized access to an

activity on the account by a quote unknown party.

The party no longer has that unauthorized access, the statement said.

Quote, the SEC will work with law enforcement and our partners across government to investigate the matter and determine

appropriate next steps relating to both the unauthorized access and any related misconduct, the statement

said.

Ex's safety team said early Wednesday morning that the SEC Gov account did not have two-factor

authentication enabled and the attacker was able to gain control over a phone number tied to the

account.

SEC Chair Gary Gensler on his own ex account said the EDFs have not been authorized.

The SEC has not approved the listing and trading of spot Bitcoin exchange traded products, he said.

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