Bitcoin jumped briefly on Tuesday after a post on the US markets regulator’s X account (formerly Twitter) said it had approved new so-called exchange-traded funds (ETFs) in the cryptocurrency.
The Securities and Exchange Commission (SEC) later deleted the post and said its account had been “compromised”.
The social media platform has said the compromised account was not due to a breach of its systems.
The social media platform has said the compromised account was not due to a breach of its systems.
The false post appeared on the SEC’s official X account shortly after 16:00 Washington time (21:00 GMT).
It said the regulator “grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges”.
The post was immediately picked up and quoted by social media users and business news outlets.
Within minutes the SEC’s chair Gary Gensler posted a message refuting the erroneous announcement on his personal X account: “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 has determined that there was unauthorized access to and activity on the @SECGov x.com account by an unknown party for a brief period of time shortly after 4 pm ET,” an SEC spokesperson told the BBC.
Bitcoin jumped briefly on Tuesday after a post on the US markets regulator’s X account (formerly Twitter) said it had approved new so-called exchange-traded funds (ETFs) in the cryptocurrency.
The social media platform has said the compromised account was not due to a breach of its systems.
The Securities and Exchange Commission (SEC) later deleted the post and said its account had been “compromised”.
The false post appeared on the SEC’s official X account shortly after 16:00 Washington time (21:00 GMT).
The social media platform has said the compromised account was not due to a breach of its systems.
The social media platform has said the compromised account was not due to a breach of its systems.
The false post appeared on the SEC’s official X account shortly after 16:00 Washington time (21:00 GMT).
It said the regulator “grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges”.
The post was immediately picked up and quoted by social media users and business news outlets.
Within minutes the SEC’s chair Gary Gensler posted a message refuting the erroneous announcement on his personal X account: “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 has determined that there was unauthorized access to and activity on the @SECGov x.com account by an unknown party for a brief period of time shortly after 4 pm ET,” an SEC spokesperson told the BBC.
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