Cryptocurrency NewsHackers Breach SEC Account, Falsely Announce Bitcoin ETF Approval

Hackers Breach SEC Account, Falsely Announce Bitcoin ETF Approval

On January 9, the account of the U.S. Securities and Exchange Commission (SEC) was compromised by unidentified hackers who posted a fraudulent announcement about the approval of a spot Bitcoin ETF. The SEC Chair, Gary Gensler, quickly refuted this false claim, emphasizing that no such ETF had been authorized. This incident is part of a pattern where hackers have misled cryptocurrency enthusiasts and the general public, especially during heightened anticipation for such financial products. Previously, in December, a phony XRP ETF registration occurred in Delaware, falsely implying BlackRock’s involvement. Although BlackRock swiftly denied these claims, the misinformation briefly caused a 12% surge in XRP’s price within half an hour. The bogus news about the Bitcoin ETF’s approval attracted millions of views shortly after being published, leading to a 3% drop in Bitcoin’s value.

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