Published on January 10, 2024 20:14 GMT+00:00edited on January 10, 2024 20:19 GMT+00:00

The FBI is working with the Securities and Exchange Commission to figure out what went wrong when a false post about approval of spot bitcoin ETFs went out on the agency's X account on Tuesday, an SEC spokesperson said. 

"The SEC continues to investigate the matter and is coordinating with appropriate law enforcement entities, including the SEC’s Office of the Inspector General and the FBI," the spokesperson said in an email. 

At around 4 p.m. ET yesterday, a phony post went out to the SEC's hundreds of thousands of followers that said the agency had granted approval for the listing of spot bitcoin ETFs on all registered securities exchanges, which was not the case. Chair Gary Gensler quickly posted from his personal account about the compromise and said no such approval had …