Federal agencies investigating last week’s AP hack that had markets roiling. WASHINGTON — It took only about five minutes for the market to tank and rebound after a group hacked the Associated Press’ Twitter feed to put out bogus information — and now the feds are taking a longer look to find out who got rich during the chaos.
The Securities and Exchange Commission and the Commodity Futures Trading Commission have each opened investigations into the hack that falsely reported “explosions in the White House and Barack Obama is injured” and briefly wiped away $136 billion in market value. Sources in and out of government say investigators will sort through the big financial winners and not just conduct a standard review of a market swing. “We’re looking at who was trading right before and right after that,” Bart Chilton, a member of the CFTC, told The Post.
“This is a full-fledged effort to look at this period of time to make sure that nothing nefarious in markets took place.” In addition to the SEC and the CFTC, the FBI is investigating the attack.
DHS - Dept of Homeland Security. FED - Federal Reserves. FDA - Food and Drug Administration. HUD - Housing and Urban Development. ATF - Alcohol, Tobacco and Firearms. Intellegence Agencies. FCC - Federal Communications Commission. IRS - Internal Revenue Service. FTC - Federal Trade Commision. USDA - US Department of Agriculture.