Bitcoin Price Tumbles, Mining Stocks MARA, RIOT Drop 10% Boosting ETF ‘Sell the News’ Calls
January 12, 2024
SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement
January 13, 2024
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On Tuesday, the SEC’s official X (formerly Twitter) account, @SECgov, tweeted that the agency had approved a number of spot bitcoin exchange-traded fund (ETF) applications to begin trading, a message that was ultimately shown to be faked by someone who was able to gain access to the account through the phone number associated with it. On Friday, the SEC statement provided a timeline of events on Tuesday, saying the first “unauthorized post” came at 4:11 p.m. ET (21:11 UTC), and SEC Chair Gary Gensler published his clarification 15 minutes later.
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