The Associated Press’ twitter account was hacked and posted about two explosions at the White House with Barack Obama injured.

Markets responded with a 15 point flash crash in the S&P 500 and 100+ pip drop in GBP/JPY and other yen crosses.

The power of twitter on full display right there. Make sure to follow us @forexlive

Hacking an influential twitter and posting market-moving news with gigantic trades in place might be the perfect 2013 crime. My heart goes out to anyone who was stopped out on a trade there.