SEC’s X Account Hacked, Posted Bitcoin Fake News

January 9, 2024 Business, Social Media

The Hill reports:

The Securities and Exchange Commission’s (SEC) account on the platform formerly known as Twitter was breached Tuesday, the agency said, after it appeared to announce the approval of several bitcoin investment funds.

The SEC’s account on X posted a message earlier Tuesday — featuring a picture of SEC Chairman Gary Gensler — announcing the approval of exchange-traded funds (ETFs) holding bitcoin.

The incorrect post was online for roughly 30 minutes before it was deleted and replaced with the SEC’s disavowal.

Read the full article.

The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.

— U.S. Securities and Exchange Commission (@SECGov) January 9, 2024