The US Securities and Exchange Commission's (SEC) account on X has been hacked and used to post a fake message about the approval of spot Bitcoin ETFs.
In the post, which has since been removed, the regulator reported it had allowed the products to be listed on all registered national securities exchanges. The post reportedly quoted SEC Chairman Gary Gensler.
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However, he has published another post on his platform account indicating the regulator's account had been hacked and that the message was false:
"The SEC twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products."
It is worth noting the price of Bitcoin has risen to $48,000 following the publication. However, it has been corrected after it was learned the news about the approval was false.