SEC and X Announce Investigation of False Messages About Bitcoin ETF
A single fake post about
“The SEC noted that there was unauthorized access and activity on the @SECGov account on x.com by an unknown party for a brief period shortly after 4:00 PM ET,” the commission told Decrypt on Tuesday. “This unauthorized access has now ended.”
“The SEC will work with law enforcement and partners across government to investigate the matter and determine appropriate next steps regarding unauthorized access and related misconduct,” the statement continued.
Chairman Gary Gensler rushed to set the record straight, describing the SEC’s The cryptocurrency and financial world has been eagerly awaiting the bill, but most assumed the deadline for a decision would be Wednesday (10).
The @SECGov Twitter account was compromised and unauthorized tweets were posted. The SEC has not approved the listing and trading of spot Bitcoin exchange-traded products. — Gary Gensler (@GaryGensler) January 9, 2024
The value of Bitcoin plummeted due to the fake news, and although the message was deleted, the incident had repercussions throughout the day. Some commentators have questioned whether the SEC, which generally dismisses cryptocurrencies as too easy to manipulate markets, should conduct its own investigation.
BREAKING NEWS: Securities lawyers tell @FoxBusiness that @SECGov will have to investigate itself for market manipulation after sending the price of $BTC up and down following a hacked tweet approving the first spot BTC ETF. In other words, for the SEC… — Charles Gasparino (@CGasparino) January 9, 2024
Meanwhile, according to X cryptocurrency influencer Walter Bloomberg, X is also investigating the incident.
*X is ‘investigating’ what caused the compromised accounts by the SEC — *Walter Bloomberg (@DeItaone) January 9, 2024
Despite using his platform heavily,
*Translated by Gustavo Martins with permission from Decrypt.
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