The US Federal Election Commission's electronic filing system is offline after reports that it was hacked. The FEC described the problem on Tuesday as an "electronic filing system outage." Cointelegraph reported the story on Oct 28, 2026, in an article by staff writer Turner Wright.
The timing matters because the 2026 US midterm elections are only days away. Super political action committees (PACs) and other groups are expected to spend more in this final stretch. While the system is down, those expenditures may not be visible to the public. Cointelegraph's headline names crypto PAC spending as one of the things that could be hidden.
The report does not say who carried out the reported hack. It does not say how long the system will stay offline, or whether any filed data was changed or lost. It also gives no figures for how much crypto PACs have spent or plan to spend.
For someone already holding a perpetual futures position on Bitget, Bybit, MEXC or OKX, this story changes nothing directly. It describes a US election filing system, not an exchange, and it reports no change to funding rates, trading fees or liquidity on any of these venues. The cost of holding a position is still set by each exchange's funding rate and fee schedule, which this news does not touch.
Source: cointelegraph — Crypto PAC spending before midterms possibly obscured after reported FEC hack