Saturday, July 19, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

SEC X Account Hacked, Bitcoin ETF Approval Claims Are False

Simon Osuji by Simon Osuji
January 9, 2024
in Business
0
SEC X Account Hacked, Bitcoin ETF Approval Claims Are False
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

After the SEC’s official X account (formerly Twitter) was compromised and hacked Tuesday, Chairman Gary Gensler confirmed that no Spot Bitcoin ETFs have been approved. Shortly after 4:00 PM ET on Tuesday, the SEC’s X account posted “Today, the SEC grants approval for Bitcoin ETFs for listing on all registered national securities exchanges.” However, it was a false alarm.

“The SEC Twitter account was compromised, and an unauthorized tweet was posted,” Gensler says. “The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”

Bitcoin price both benefitted and suffered from the announcement. At 4:15 PM ET, Bitcoin skyrocketed to $47,893, up nearly $1,000 from just minutes before the announcement. However, following the news being reported as faults, it immediately crashed down to under $46,000.

It is unknown who the perpetrators behind the hack are, or when they got access to the SEC’s X account. The regulator is likely issuing an active investigation to find out who and where the hack came from.

Binance Considered Tapping Gensler’s Expertise as an Adviser: Report
Source: VOI

Also Read: Valkyrie Chief Investment Officer Says Ripple XRP ETFs Could Come Next

Spot Bitcoin ETFs are expected to be decided on this week, possibly tomorrow according to experts. However, that decision date might be in jeopardy after this hack scandal. Over a dozen asset management firms have submitted applications for Bitcoin ETFs, and approval could see mass implementation of Bitcoin in everyday banking.

Related posts

U.S. introduces $250 visa integrity fee, raising barriers for African applicants

U.S. introduces $250 visa integrity fee, raising barriers for African applicants

July 19, 2025
Inside the Minds of Africa’s Most Successful Startup CEOs

Inside the Minds of Africa’s Most Successful Startup CEOs

July 19, 2025

Source link

Previous Post

The SEC’s Official X Account Was ‘Compromised’

Next Post

Democrats Allocate $35 Million for Outreach But Overlook Black Press in Bid for Diverse Voter Support

Next Post
Democrats Allocate $35 Million for Outreach But Overlook Black Press in Bid for Diverse Voter Support

Democrats Allocate $35 Million for Outreach But Overlook Black Press in Bid for Diverse Voter Support

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

First session of UN Group on housing calls for accelerated global action – EnviroNews

First session of UN Group on housing calls for accelerated global action – EnviroNews

7 months ago
Sharjah Ramadan Festival 2025 ends with $136m in sales

Sharjah Ramadan Festival 2025 ends with $136m in sales

4 months ago
XRP To Breakout Within 70 Days, Says Analyst

XRP To Breakout Within 70 Days, Says Analyst

9 months ago
Saba Saba: Youth attend concerts for slain protesters

Saba Saba: Youth attend concerts for slain protesters

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.