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The agency has “not approved” the listing and trading of spot bitcoin ETFs, chair Gary Gensler says
The U.S. Securities and Exchange Commission’s X account has been hacked, a spokesperson confirmed with TechCrunch on Tuesday afternoon.
“The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” the spokesperson said. A similar statement was shared shortly after on the media platform.
The post, shown in a screenshot below, was up for about 30 minutes causing a number of news outlets and online personalities to report that the SEC granted approval for the highly anticipated spot bitcoin ETFs. The unauthorized post has since been deleted.
Around 4:30 p.m. EST, SEC Chair Gary Gensler tweeted, “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.”
After the fake post went out, Bitcoin’s price spiked near $48,000 but has since fallen around $45,700, according to CoinMarketCap data.
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