SEC X account 'compromised,' posted false Bitcoin ETF news

In just 18 minutes, the post with false news about Bitcoin ETF had over 35,000 likes and over 26,000 retweets.

The U.S. Securities and Exchange Commission's account on X, formerly known as Twitter, was “compromised” Tuesday.

The @SECGov account shared false information through a post, now deleted, at around 4 p.m. ET, stating that the agency had granted "approval for Bitcoin ETFs for listing on all registered national securities exchanges" and that the "approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection."

The post also included an attached graphic with an supposed quote from SEC Chair Gary Gensler, saying, “Today’s approval enhances market transparency and provides investors with efficient access to digital asset investments within a regulated framework."

In just 18 minutes, the post had over 35,000 likes and over 26,000 retweets.

Shortly after the post, Gensler took to X to explain that the account had been hacked.