Up to date Jan. 9, 2024 6:25 pm ET
The Securities and Trade Fee’s official X account was hacked when the company posted late Tuesday that it had permitted exchange-traded funds holding bitcoin, forcing Chair Gary Gensler and the regulator to disavow the misguided publish.
Bitcoin briefly jumped to close $48,000 earlier than Gensler mentioned on the social-media community that the message was “unauthorized” and that the SEC “has not permitted the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.” The company later posted that its account was “compromised.”
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