Gary Gensler Confirms SEC Twitter Account Compromised
The chair of the SEC, Gary Gensler, has revealed that the agency’s X (formerly Twitter) account was hacked, resulting in the dissemination of false information regarding the approval of a spot Bitcoin exchange-traded fund (ETF).
Gensler himself acknowledged the compromise, stating, “The SEC gov Twitter account was compromised, and an unauthorized tweet was posted.”
Gensler Denies Bitcoin ETF Approval
In a post on X, Gensler informed his significant following about the breach of the SEC’s social media account and clarified that no approval had been given for the listing and trading of spot Bitcoin exchange-traded products.
“The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
Further updates on this developing story will be provided soon.
Hot Take: False News Spreads about Bitcoin ETF Approval
The chair of the SEC, Gary Gensler, confirmed that the agency’s Twitter account was compromised, leading to false information being shared regarding the approval of a spot Bitcoin ETF. Gensler quickly addressed the situation on X, clarifying that no such approval had been given. This incident highlights the vulnerability of social media platforms to hacking and emphasizes the importance of verifying information from official sources. As the crypto community eagerly awaits a decision on the Bitcoin ETF, it is crucial to rely on accurate and trusted sources for news and updates.
By
By
By
By