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SEC clears Bitcoin ETF…but not really

TL;DR: SEC posts about approving Bitcoin ETF on X (formerly known as Twitter), except their account was compromised.

The Securities and Exchange Commission (SEC) clarified on Tuesday that an announcement regarding Bitcoin ETFs made on social media was inaccurate. According to an SEC spokesperson, the official SEC Twitter account (@SECGov X) was compromised, and the unauthorized tweet concerning bitcoin ETFs did not originate from the SEC or its staff. The incident highlights the potential risks associated with social media account security and the importance of accurate information dissemination in the financial sector.

New Report