A situation occurred where the U.S. Securities and Exchange Commission hijacked the X account and posted that ``Bitcoin ETF listing is allowed'' & Bitcoin price skyrocketed immediately after posting
On January 10, 2024 (Japan time), the U.S. Securities and Exchange Commission (SEC)'s X (formerly Twitter) account posted false information stating that it would allow Bitcoin ETFs to be listed, causing the price of Bitcoin to skyrocket. has occurred. At the time of writing, the post has been deleted, and the SEC explains that the X account was hijacked by someone.
US SEC's X account hacked to announce fake Bitcoin ETF approval
The following is a post posted to the SEC's X account. The post states, 'The SEC approves the listing of Bitcoin ETFs,' and SEC Chairman Gary Gensler said, 'This approval increases market transparency and allows investors to trade within a regulatory framework. A fake image is also embedded that says, 'You will be able to efficiently invest in digital assets.'
The false information that the SEC recognized Bitcoin as a security spread instantly, and the price of Bitcoin skyrocketed. If you check
The false information was later removed, and Bit The price of the coin plummeted.
The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
— US Securities and Exchange Commission (@SECGov) January 9, 2024
Chairman Gensler also posted on his X account that ``the SEC's Twitter account has been compromised and fraudulent tweets have been posted,'' and that the information that ``the SEC has recognized Bitcoin as a security'' is false information. I'm emphasizing one thing.
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.
— Gary Gensler (@GaryGensler) January 9, 2024
The SEC told overseas media outlet Bleeping Computer, ``The unauthorized posting was not made by SEC staff.'' ``The SEC is aware that there was unauthorized access to the X account by an unknown person, and that unauthorized access has already been confirmed. The matter has been terminated,'' denying any involvement within the SEC. However, the SEC did not respond to BleepingComputer's question about whether two-factor authentication was enabled on the X account.
Furthermore, Chairman Gensler stated on January 9, 2024, ``Companies that provide virtual currency investment services may not comply with securities laws and other laws.'' ``Investing in virtual currencies is high risk and unstable.'' 'Many major platforms and cryptocurrencies have gone bankrupt or lost value.' 'Scammers are exploiting the growing popularity of cryptocurrencies to defraud retail investors. ”, and shows a negative attitude towards virtual currencies.
1⃣ Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws. Investors in crypto asset securities should understand they may be deprived of key info & other important protections in connection w/ their investment.
— Gary Gensler (@GaryGensler) January 8, 2024
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