January 9, 2024 at 05:31PM
The U.S. Securities and Exchange Commission’s account, X, was hacked to falsely announce the approval of Bitcoin ETFs. The tweet, promptly deleted, led to a temporary spike in Bitcoin prices. However, the SEC clarified that no such approval had been granted. This incident follows a string of account breaches targeting various verified organizations.
Based on the meeting notes, it appears that the X account for the U.S. Securities and Exchange Commission was hacked to issue a fake announcement regarding the approval of Bitcoin ETFs on security exchanges. The fake announcement led to a temporary spike in Bitcoin prices, but the SEC quickly clarified that the tweet was unauthorized and that they have not approved the listing and trading of spot bitcoin exchange-traded products. Additionally, it is mentioned that X has experienced multiple account breaches, and various verified organizations have been hacked to spread cryptocurrency scams. The incidents include promoting fake cryptocurrency sites and malicious advertisements promoting crypto scams and sites pushing wallet drainers. This indicates a concerning trend of security breaches and unauthorized activities targeting well-known organizations.