Bitcoin Pumps and then dumps after the SEC Twitter account is compromised and posts a fake announcement saying a spot ETF was approved.
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Something wild just happened. THE SEC posted a tweet saying that the Spot ETF was approved.
Bitcoin Spiked and then dumped, normal sell the news market volatility… right?
Nope apparently the ETF was never approved a follow up tweet by Gary Gensler said the SEC twitter account was compromised and that it was an unauthorized Tweet.
The SEC announcement post is now deleted.
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With that lets acknowledge this SEC tweet from Oct. 2023.
I have a feeling if this wasn’t an intern screwup – whoever made that fake announcement likely made huge money on volatility…
Regardless of what happens on the supposed announcement later this week, this is going to be a stain on the inevitable news.
submitted by /u/GabeSter
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