January 9, 2024 at 04:53PM
The SEC’s Twitter account was hijacked to falsely announce approval of Bitcoin ETFs, causing a surge and subsequent drop in cryptocurrency prices. The misleading tweet was deleted, and SEC chairman Gary Gensler confirmed it as false. Bitcoin initially spiked to $47,900 but is now at $46,247. Developments ongoing.
The SEC’s Twitter account was hijacked, leading to a false claim of Bitcoin ETF approval, causing significant cryptocurrency price volatility. A now-deleted tweet appeared to grant approval for Bitcoin ETFs on registered national securities exchanges, stating ongoing surveillance and compliance measures for investor protection. SEC Chairman Gary Gensler confirmed the tweet’s inaccuracy. Bitcoin initially spiked to $47,900 before dropping 1.5% to $46,247. This is a developing story still in progress.