The post in which the SEC said it had approved Bitcoin (BTC) ETF shook the cryptocurrency markets. However, the information that the account was hacked led to a sharp decline in the BTC price. Here’s what happened…
Cryptocurrency markets have recently focused solely on US ETF approval. US Securities and Exchange Commission (SECThe ETF approval of spot Bitcoin (BTC) transactions by ) will enable huge companies to purchase BTC directly. In this case, the market billions of dollars in anticipation of money inflow.
Even though the issue is very critical, the SEC is very irrational behavior exhibits. Statements made on the subject reveal that everything is being done to delay the decision, which has been postponed for years. An incident that happened last night:Give up!” he said.
ETF approval was shared from the SEC’s official X account: But…
SEC’s “@SECGov” official account with username X, last night hosted an important sharing. In the said post, the news that has been awaited for years for BTC ETF approval was given at the end was expressed. This was very important because it was only a matter of time before billions of dollars of money entered the cryptocurrency markets. However, minutes after the post, an interesting development took place.
Here is the SEC’s post:
Approved Bitcoin ETFs will be subject to ongoing oversight and compliance measures to ensure the ongoing protection of investors.
“Today’s approval increases market transparency and provides investors with effective access to digital asset investments within a regulated framework. President, Gary Gensler”
It was announced that the account was hacked 🙂
The @SECGov Twitter account was compromised and an unauthorized post was made. The SEC has not approved the listing and trading of products traded on the spot bitcoin exchange.
SEC Chairman Gary Gensler made a new post minutes after the SEC’s post and shared the news in question. it’s not true told. According to the statement made by Gensler, the SEC account was hacked.
Gensler for the cryptocurrency market a dangerous name. Because in the past, there were very striking claims about him. It came up. There are those who remember; Gary Gensler opened millions of dollars worth of BTC shorts just before suing Binance last year. So the authorized name is BTC’s that it will fall He filed a lawsuit and then started the lawsuit process.
X’s security team confirmed the hack: Whether to believe or not is a matter of debate!
“One of the accounts linked to X”Safety“, shared a post on the subject and explained that the SEC made unauthorized access to his account. However, this explanation was not very satisfactory. Because, according to the statement, unauthorized access was made through the phone number where the SEC account was registered. Moreover, @SECGov address two factor authentication The feature was not active.
X’s post on the subject:
BTC experienced a sharp decline after what happened!
Hacking of SEC’s account and what happened thereafter, BTC prices had a hard impact. BTC, which was traded at 47 thousand dollars before the announcement, increased from 48 thousand dollars to 48 thousand dollars with the decision. 44 thousand 750 dollars He showed a harsh movement between. With the dust calming down, the BTC price reached 46 thousand dollars. This kind of manipulation…
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