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July 18, 2024
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Bitcoin

SEC Says ‘Hack’ Prompted Misleading Post on Bitcoin ETF Approval


Updated Jan. 9, 2024 5:38 pm ET

The Securities and Exchange Commission’s official X account was hacked when the agency posted late Tuesday that it had approved exchange-traded funds holding bitcoin, forcing Chair Gary Gensler and the regulator to disavow the erroneous post.

Bitcoin briefly jumped to near $48,000 before Gensler said on the social-media network that the message was “unauthorized” and that the SEC “has not approved the listing and trading of spot bitcoin exchange-traded products.” The agency later posted that its account was “compromised.”

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