SEC’s Twitter Account Hacked to Falsely Announce Approval of Bitcoin ETFs, Causing Brief Market Fluctuation

January 9, 2024.

The official Twitter account of the U.S. Securities and Exchange Commission (SEC) was compromised today, leading to a false announcement regarding the approval of Bitcoin ETFs on registered national security exchanges. The fake tweet, swiftly deleted, claimed SEC Chairperson Gary Gensler’s approval and included an image with a quote supporting the alleged decision. The misleading information briefly impacted Bitcoin prices, but the market quickly corrected upon clarification from Gensler. The SEC emphasized that the unauthorized tweet was not made by the SEC or its staff, underscoring the prevalence of account breaches on Twitter in recent weeks. The incident adds to the growing list of verified organizations falling victim to hacking for the purpose of spreading cryptocurrency-related scams and misinformation on the platform.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top