"SEC Investigates Unauthorized Bitcoin ETF Approval Post and X Account Compromise"

The U.S. Securities and Exchange Commission (SEC) confirmed that its X social media account was briefly compromised, leading to a fake post claiming approval of bitcoin exchange traded funds (ETFs). The SEC clarified that it has not yet approved spot bitcoin ETFs and is investigating the unauthorized access. The incident caused a brief spike in bitcoin's price, prompting concerns about potential delays in ETF approvals. The hack raised questions about the security of social media platforms and their impact on financial markets.