SEC Comments on Hack of Its X Account and Resulting Fake Bitcoin ETF Approval Announcement

On Tuesday, the SEC’s official X (previously Twitter) account, @SECgov, tweeted that the company had accepted plenty of spot bitcoin exchange-traded fund (ETF) purposes to start buying and selling, a message that was in the end proven to be faked by somebody who was in a position to achieve entry to the account by means of the telephone quantity related to it. On Friday, the SEC assertion offered a timeline of occasions on Tuesday, saying the primary “unauthorized post” got here at 4:11 p.m. ET (21:11 UTC), and SEC Chair Gary Gensler revealed his clarification quarter-hour later.