Breaking😮
The SEC approves a spot Bitcoin ETF, opening the crypto floodgates. Learn what this means for Bitcoin's future in our in-depth analysis
On January 9, 2024, the Securities and Exchange Commission's (SEC) official X (formerly Twitter) account was hacked. The hacker posted a tweet claiming that the SEC had approved spot bitcoin exchange-traded funds (ETFs) for listing on all registered national securities exchanges.
This false news caused a brief surge in the price of bitcoin, which touched above $48,000 before falling back down to around $45,700, as investors reacted to the perceived change in regulatory stance. However, the SEC quickly clarified that the tweet was unauthorized and that they had not approved any spot bitcoin ETFs.
The hack is a serious incident that raises concerns about the security of social media accounts used by government agencies. It also highlights the potential for market manipulation through the spread of false information.
The SEC is investigating the hack and has not yet released any information about the hackers or how they gained access to the account. It is also unclear what steps the SEC will take to prevent similar incidents from happening in the future.
Stay more cautious and don't directly react on the news .
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