Published on January 10, 2024 00:06 GMT+00:00edited on January 10, 2024 00:09 GMT+00:00

The Securities and Exchange Commission said Tuesday that a false post about approval of spot bitcoin ETFs had been the result of unauthorized access by an unknown party, and the regulator plans to work with law enforcement to investigate.

"That unauthorized access has been terminated," an SEC spokesperson said in an email to The Block.

"The SEC will work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct," they continued. 

The crypto industry was thrown for a major loop on Tuesday after a post went out on X around 4 p.m. ET via the SEC's account that said the agency had granted approval for listing bitcoin ETFs on all registered securities …