SEC and X both announce investigations into fake Bitcoin ETF tweets

A fake Twitter post has caused confusion in the cryptocurrency space and broader financial markets, with the U.S. Securities and Exchange Commission and X (Twitter) itself taking notice. Think about what happened.

“The SEC has determined that for a short period of time shortly after 4 p.m. ET, unknown parties accessed and engaged in unauthorized activity on the account of X @SECGov,” the commission confirmed. “Unauthorized access has been blocked.”

“The SEC will work with federal law enforcement and partners to investigate this matter and determine appropriate next steps related to the unauthorized access and any unauthorized access and any related misconduct.”

Meanwhile, X himself has made similar moves, according to crypto Twitter influencer Walter Bloomberg.

*X ‘Under investigation’ into why SEC account was compromised

— *Walter Bloomberg (@DeItaone) January 9, 2024

Although X boss Elon Musk is often a prolific poster on his platform, he has said nothing about the controversy, instead focusing on immigration, election integrity and “concerning X’s Monopoly Plan” on.

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Anne

According to decryption