SEC Twitter Account Hacked, Sends False 'Bitcoin ETFs Approved' Tweet - Decrypt
01/09/2024 21:40
"The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," SEC Chair Gary Gensler said on Tuesday afternoon.
Markets gasped and then settled back down on Tuesday afternoon after the official U.S. Securities and Exchange Commission Twitter account was "compromised" and sent a messaged saying that it "grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges."
For a brief moment, Bitcoin shot as high as $47,680.10 before settling back down to $46,237.20 at the time of writing, according to CoinGecko.
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
— Gary Gensler (@GaryGensler) January 9, 2024
It was SEC Chair Gary Gensler who, minutes after the SEC tweet went out from the main account at 4:11 p.m. EST, debunked the news with his own tweet.
"The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," Gensler said on Tuesday afternoon.
Editors note: This is a developing story and will be updated.