SEC Social Media Hacked, Spreads False News on Bitcoin ETF Approval

By BeInCrypto January 10, 2024 In Bitcoin

Gary Gensler, the chair of the SEC, reveals that the agency’s X (formerly Twitter) account was compromised, spreading false news about the approval of a spot Bitcoin exchange-traded fund (ETF).

“The SEC gov Twitter account was compromised, and an unauthorized tweet was posted,” Gensler posted.

Gensler Declares The Bitcoin ETF Announcement is False

On X, Gensler announced a compromise of the SEC’s social media account, alerting the significant following to the regulator’s approval of the spot Bitcoin ETF, a highly anticipated decision expected this week.

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“The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”

This is a developing story, and more information will be added shortly.

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