BusinessPostCorner.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Hacked SEC Twitter account falsely posts agency approved Bitcoin ETFs

January 9, 2024
in Business
Reading Time: 3 mins read
A A
0
Hacked SEC Twitter account falsely posts agency approved Bitcoin ETFs
ShareShareShareShareShare

After the official Twitter/X account for the Securities and Exchange Commission tweeted the long-awaited approval for spot Bitcoin ETFs, Chair Gary Gensler took to his personal account on the social media platform to announce that the agency’s had been hacked.

“The @SECGov twitter account was compromised, and an unauthorized tweet was posted,” he wrote. “The SEC has not approved the listing and trading of spot Bitcoin exchange-traded products.”

An agency spokesperson confirmed to Fortune in an email: “The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding Bitcoin ETFs was not made by the SEC or its staff.”

Financial markets have been awaiting news of the agency approving spot Bitcoin ETFs, which would give U.S. investors the ability to trade the popular cryptocurrency in the form of shares on major exchanges. While all signs pointed to an approval coming at the close of markets on Wednesday, a surprise post from the official SEC account seemed to announce the green light.

The episode represents a boondoggle for a saga that has plagued the agency, which long fought the approval of the investment vehicle, citing the potential for market manipulation. After a landmark victory in August by crypto firm Grayscale, one of the prospective issuers for the Bitcoin ETF, in a lawsuit against the agency, the SEC began to reconsider the applications, which now included major players including BlackRock.

Even after Gensler’s retraction, the SEC is likely to approve the applications as soon as Wednesday, when it is required to issue a decision for one of the prospective issuers, Cathie Wood’s ARK.

Twitter blew up with speculation over whether the errant tweet was the result of a scheduling error or a hack. Evidence seemed to point to the latter, with the SEC account still displaying recent “likes” of posts from crypto degen accounts like “Satoshi can’t believe his aim,” referencing the enigmatic founder of Bitcoin. The SEC account also appeared to tweet out “$BTC” and delete it right before its fake approval post.

Others pointed out the irony that the long-dreaded market manipulation seemed to come from the SEC itself, or at least its cybersecurity practices. “I expect @SECGov Enforcement to send the SEC’s Social Media and Cybersecurity teams a Wells Notice any minute,” wrote Gemini cofounder Tyler Winklevoss, who is currently embroiled in a lawsuit with the agency.

The initial X post claiming the ETFs had been approved was deleted about 25 minutes after it went up.

Subscribe to Fortune Crypto to get daily updates on the coins, companies, and people shaping the world of crypto. Sign up for the newsletter for free.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Key trends in women’s and family health for 2024

Next Post

Labor Department finalizes revamped worker classification rule

Next Post
Labor Department finalizes revamped worker classification rule

Labor Department finalizes revamped worker classification rule

I tested 2025’s most realistic AI voice tools — here’s what blew me away

I tested 2025’s most realistic AI voice tools — here’s what blew me away

July 2, 2025
Ongoing CFO turnover is fueling higher pay for finance chiefs

Ongoing CFO turnover is fueling higher pay for finance chiefs

July 1, 2025
Bitcoin Price Prediction – Billions in Retirement Funds Could Pour Into BTC as Pension Firms Rush to Add Exposure

Bitcoin Price Prediction – Billions in Retirement Funds Could Pour Into BTC as Pension Firms Rush to Add Exposure

July 3, 2025
UK launches biggest financial advice shake-up in more than a decade

UK launches biggest financial advice shake-up in more than a decade

June 29, 2025
Senate gun, silencer provisions blocked from Trump tax bill

Senate gun, silencer provisions blocked from Trump tax bill

June 27, 2025
Ascend adds BGW and Tronconi, Segarra & Associates

Ascend adds BGW and Tronconi, Segarra & Associates

July 1, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

FTX Seeks Court Approval for Restricted Jurisdiction Claims as 82% of Value Comes from Chinese Users

FTX Seeks Court Approval for Restricted Jurisdiction Claims as 82% of Value Comes from Chinese Users

July 4, 2025
UBS and Citi among nine banks fined .5mn in Singapore money-laundering case

UBS and Citi among nine banks fined $21.5mn in Singapore money-laundering case

July 4, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!