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Bitcoin slides after false ETF approval post


Bitcoin slid Tuesday after the Securities and Exchange Commission’s social media account — which was compromised — sent a false social media post stating the regulatory agency had approved a long-awaited bitcoin exchange-traded fund. Immediately after the first post, the world’s largest cryptocurrency jumped to as high as $47,901 to its highest level since March 2022, but later traded lower by 3%.


#hacked #SEC #X #false #post #bitcoin #ETF #approval

via https://www.cnbc.com/2024/01/10/stock-markets-a-crypto-bros-false-dream-.html


CNBC Daily Open: A crypto bro’s false dream

A false social media post about the approval of a bitcoin exchange traded fund by the SEC was the last thing eager crypto bros were hoping for.
Shreyashi Sanyal (CNBC)
#post #bitcoin #false #approval #SEC #hacked #x #etf

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in reply to Ted

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Social media X said late Tuesday it has completed a preliminary probe into the compromised account of the U.S. Securities and Exchange Commission that displayed a false post claiming the SEC had approved bitcoin ETFs for trading.

“Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party,” said X in a post on Wednesday, confirming that the SEC’s account was compromised.


https://www.cnbc.com/2024/01/10/secs-compromised-account-was-not-due-to-breach-of-xs-systems-company-says.html


SEC's account compromise was not 'due to breach of X's systems,' company says

X said late Tuesday it has completed a preliminary probe into the compromised account of the U.S. Securities and Exchange Commission that displayed a false post.
Sheila Chiang (CNBC)
in reply to Ted

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Latest update: SEC says ‘no evidence’ unauthorized party who posted to X accessed agency systems

https://www.cnbc.com/video/2024/01/16/sec-says-no-evidence-unauthorized-party-gained-access-agency-systems-cnbc-crypto-world.html


SEC says 'no evidence' unauthorized party who posted to X accessed agency systems: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industr…
CNBC
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