35.94 F
London
March 3, 2024
PI Global Investments
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.”

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

Related posts

Block Says Its Bitcoin Bets, Boosted By the Cash App, Yielded $207M In Gains

D.William

Bitcoin’s Disinflationary Path Hits Another Milestone

D.William

US Spot Bitcoin ETFs Surpass $50B Cumulative Trading Volume 

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.