The rate soared to 48,000 and dropped to 45,000 dollars
The Securities and Exchange Commission (SEC) said Tuesday that a message sent from the SEC's social media platform X/Twitter account announcing the approval of a long-awaited Bitcoin exchange-traded fund was «unauthorized& ;raquo;, and that the agency’s account was hacked.
The price of bitcoin at the moment soared to almost $48,000, but then dropped to $45,000. At the time of publication of the note, the rate of the main cryptocurrency had stabilized around $46,000.
The Bitcoin ETF should provide large institutional investors with the opportunity to invest in Bitcoin without having to purchase the cryptocurrency on a crypto exchange such as Binance or Coinbase.
SEC Chairman Gary Gensler stated on his personal account that the SEC account had been compromised and that the «SEC has not approved the listing and trading of Bitcoin spot exchange-traded products». Gensler called the post unauthorized without providing further explanation.
Social Network X confirmed that the SEC account was compromised and that it was due to «an unidentified person» gained control of the phone number associated with the agency account through a third party.
SEC did not enable two-factor authentication at the time the account was hacked, and that the hack was not caused by any breach of X's systems.