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Scrape Timestamp (UTC): 2024-01-09 21:53:15.618
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SEC Twitter hijacked to push fake news of hotly anticipated ETF approval. Buy the hype, sell the, wait, what do we do now?!. Breaking The SEC today said its Twitter account was hijacked to wrongly claim it had approved the hotly anticipated Bitcoin ETFs, causing cryptocurrency to spike and then slip in price. In a now-deleted tweet, shared in the past hour, the American financial regulator appeared to say: "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection." But in the past few minutes, the tweet was vanished, and Gary Gensler, SEC chairman, confirmed also on X that the message should not have gone out: 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. The SEC itself also confirmed the hijacking: 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. Bitcoin spiked in price to $47,900 apiece after the first tweet, and is currently down 1.5 percent to $46,247. This is a developing story that we'll update...
Daily Brief Summary
The U.S. Securities and Exchange Commission (SEC)’s official Twitter account was hijacked by an unknown party.
A misleading tweet announced the false approval of Bitcoin ETFs by the SEC, prompting a temporary spike in Bitcoin prices.
The fraudulent tweet claimed that Bitcoin ETFs would be listed on all registered national securities exchanges with ongoing surveillance.
The false information was swiftly deleted, and SEC Chairman Gary Gensler confirmed that the tweet was unauthorized.
The SEC reiterated that it has not approved the listing and trading of spot bitcoin exchange-traded products.
Bitcoin's price briefly surged to $47,900 before dipping by 1.5 percent following the correction of the false announcement.
The SEC is likely investigating the security breach and the method by which their Twitter account was compromised.