Hacked SEC X account posts Bitcoin ETF has been approved

Hanno Labuschagne

Hanno Labuschagne

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Hacked SEC X account posts Bitcoin ETF has been approved

A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident on Tuesday.

The SEC’s X account was compromised and a fake post claiming that the agency had green lit plans for the products fueled a brief surge in the price of the world’s biggest cryptocurrency.

[Bloomberg]
 
I saw this yesterday already, crypto started spiking, I waited until this afternoon for it to calm down again before I purchased more
 
Be careful with buying before the SEC's Bitcoin ETF approval thinking it's going to all time highs this month. It's not.

In 2017's crypto bull market peaked the day before the CME launched their Bitcoin Futures contract, then crashed.

In 2021's crypto bull market the peak hype that pushed BTC to almost $70K was also caused by the first Bitcoin Futures ETF launch October 2021 and then it all went to shít.
 
Hanno Labuschagne said:
The SEC’s X account was compromised and a fake post claiming that the agency had green lit plans for the products
Click to expand...

Turns out there are multiple ways in responding to fake news.

Here follows how the SEC handled it all.

SEC approves the first Bitcoin spot ETF

The SEC has finally approved the first sport Bitcoin ETF. https://www.sec.gov/Archives/edgar/data/1869699/000141783524000003/0001417835-24-000003-index.htm https://www.sec.gov/Archives/edgar/data/1869699/000141783524000003/8A_Cert_ARKB.pdf
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