The page of the US securities regulator in X was hacked: this caused a spike in Bitcoin

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The account was hacked by unknown people The US Securities and Exchange Commission posted a fake post on the X social network about the approval of exchange-traded funds for Bitcoin.

It was reported Commission and her head Gary Gensler in H.

“The @SECGov account at X was hacked and an unauthorized post was published. The Securities and Exchange Commission (SEC) has not approved the listing and trading of exchange-traded spot bitcoins,” the tweet read.

The commission will work with law enforcement to investigate the hack and “related conduct,” the SEC said.

Reuters writesthat late on Jan. 9, X confirmed that the SEC account had been hacked and said it was because an “unknown person” gained control of a phone number associated with the agency’s account through a third party.

The Elon Musk-owned social media site also said the SEC did not have two-factor authentication enabled at the time the account was hacked, and the hack was not caused by any breach of X’s systems, citing a previous investigation.

The unauthorized post, which has since been removed, claimed that the SEC had approved bitcoin ETFs on all listed national securities exchanges and included an image purporting to quote SEC Chairman Gary Gensler.

A fake post on the SEC X account has received at least 1 million views. Less than 20 minutes later, it was no longer visible and was deleted.

The price of Bitcoin jumped to about $48,000, before falling below $45,000 a minute later. It was last down 3.15% at $45,513 after the SEC took down and denied the information.

Some analysts expected bitcoin to fall on the approval of the ETF, after gaining more than 70% in recent months on expectations of a green light.

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