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The SEC's X Account Was 'Compromised,' Sent an 'Unauthorized' Bitcoin Post The post briefly caused the price of Bitcoin to spike.

By Entrepreneur Staff

Photo illustration by Chesnot | Getty Images
In this photo illustration, a visual representation of the digital cryptocurrency Bitcoin is displayed in front of Securities and Exchange Commission (SEC) logo. The first American Bitcoin ETF could be authorized by the SEC (Commissioner of the American S

The U.S. Securities and Exchange Commission (SEC) said on X on Tuesday that its account was "compromised," and it sent out an "unauthorized post" about bitcoin exchange-traded funds (ETFs).

The post in question has since been deleted, but it said the SEC approved bitcoin ETFs for trading and briefly caused the price of bitcoin to hit $47,897 before lowering to around $45,000, per Markets Insider.

"The SEC's @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff," an SEC spokesperson told CNBC.

RELATED: Bitcoin Is Back. Here's What's Fueling the Surge.

An SEC spokesperson told CNBC later on Tuesday that an "unknown party" had unauthorized access to the SEC's X account "for a brief period" just after 4 p.m. ET.

A decision is expected on Wednesday. At least a dozen asset managers, including BlackRock and Fidelity, have filed applications to create the funds.
Entrepreneur Staff

Entrepreneur Staff

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