SEC Spot Bitcoin ETF Approval False, Bitcoin Falls 3%

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Unidentified hackers hijacked the U.S. Securities and Exchange Commission’s (SEC) X account and posted false news of spot Bitcoin ETF approval.

On January 9, SEC Chairman Gary Gensler refuted an announcement claiming that a spot Bitcoin ETF had been approved. The SEC official X account posted the notice. However, Gensler warned that the page had been leaked and clarified that no spot Bitcoin ETF has yet been approved.

this @SECGov The Twitter account was compromised and unauthorized tweets were posted. The U.S. Securities and Exchange Commission has not yet approved the listing and trading of spot Bitcoin exchange-traded products.

— Gary Gensler (@GaryGensler) January 9, 2024

This isn’t the first time hackers have misled cryptocurrency watchers and the public amid feverish anticipation for these products. In December, a fake XRP ETF was registered in Delaware and pretended to be BlackRock as the filer. BlackRock immediately dismissed the rumor, but the price of XRP surged by 12% in 30 minutes.