The US Securities and Exchange Commission (SEC) saw its X account hacked for a brief time, with a post claiming it has approved listings for Bitcoin exchange-traded funds (ETFs). SEC Chair Gary Gensler later clarified in a post on his X account that the agency\u2019s account was \u201ccompromised, and an unauthorised tweet was posted.\u201d<\/p>\n
The post from the SEC\u2019s hacked account, with an image of Gensler, read: \u201cToday the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection.\u201d<\/p>\n
The price of Bitcoin increased to $48,000 after the fake SEC post but then quickly slid below $46,000. The SEC said late on Tuesday that the post about Bitcoin exchange-traded funds was incorrect. \u201cThe SEC\u2019s @SECGov X\/Twitter account has been compromised. The unauthorised tweet regarding bitcoin ETFs was not made by the SEC or its staff,\u201d an SEC spokesperson said in a statement.<\/p>\n
The hackers who compromised the SEC\u2019s account also started liking posts from crypto-focused accounts that were excited about the SEC\u2019s false approval of Bitcoin ETFs. Exchange-traded funds are assets that work like mutual funds, with shares of the ETFs trading on exchanges as stocks do.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US Securities and Exchange Commission (SEC) saw its X account hacked for a brief time, with a post claiming\u2026<\/p>\n","protected":false},"author":28,"featured_media":24415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[7761,5423,7764,7762,7763,5491,4775],"class_list":["post-24413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-bitcoin-exchange-traded-funds-etfs","tag-hacked","tag-investor-protection","tag-sec-chair-gary-gensler","tag-surveillance-and-compliance-measures","tag-us-securities-and-exchange-commission-sec","tag-x-account"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/24413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=24413"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/24413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/24415"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=24413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=24413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=24413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}