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The SEC’s X account was apparently ‘compromised’ to falsely claim bitcoin ETFs were approved
A rogue post from the SEC's official X account said bitcoin ETFs had been approved. The regulator said the tweet was the result of a "compromised" account."
The official X account belonging to the Securities and Exchange Commission was briefly “compromised,” the regulator said, after an apparently rogue post on X temporarily juiced bitcoin prices. Naturally, the now-deleted tweet from the SEC’s official (and gray check-verified) account on X prompted a momentary surge in bitcoin prices, followed by a steep decline. The post and subsequent clarification from Gensler “wiped out over $50 million of leveraged derivatives trading positions within an hour,” according to and analysis from CoinDesk.
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