Financial CEO Ross Gerber has said that Wednesday’s New York Stock Exchange (NYSE) meltdown was due to a cyberattack, and not due to a technical glitch as officials have claimed.
The NYSE issued a statement on Wednesday saying they were experiencing an “internal technical issue” that caused the exchange to remain halted for most of the day. However, that same day United Airlines and the Wall Street Journal also suffered “technical glitches” that suggested something more sinister was happening behind the scenes.
Ross Gerber tweeted, “Lots of people claiming no cyber attack. That makes me think #cyberattack“.
— Ross Gerber (@GerberKawasaki) July 8, 2015
“This is probably hacking,” said Gerber in a separate tweet.
I was also contacted by an individual who worked at the at Chicago Board Options Exchange for five years who is convinced that the shut down was not a “technical glitch” but a deliberate move on behalf of the Plunge Protection Team to prevent a massive sell off following China’s stock market collapse.
Ex-trader tells me: “This is a BS halt, influenced by China sell off. Too many ETF’s submitting sell orders & not enough buyers. #NYSE
— Paul Joseph Watson (@PrisonPlanet) July 8, 2015
As Zero Hedge reports, “Some have suggested that this could be a concerted cyber attack (perhaps by retaliatory China unhappy its stocks are plunging) focusing on the US.”
Numerous cybersecurity stocks moved higher after the shut down despite assurances that the halt was not a cyber attack.