Gabor Gurbacs, a strategic advisor at VanEck, has stirred controversy with his recent comment suggesting that a supposed U.S. SEC approval for a cryptocurrency ETF was likely manipulated from within.
He referred to it as an “inside job,” pointing out inconsistencies that became apparent later on. This perspective has resonated with many skeptics in the crypto world.
In a recent statement, Gurbacs highlighted that a misleading post was possibly the SEC’s way to postpone the approval of the Spot Bitcoin ETF. However, the VanEck expert also mentioned that he doesn’t think this incident should affect the approval timeline.
Moreover, he suggested that the post might have been released early, expressing confidence that the regulatory agency will eventually approve Bitcoin ETFs.
In another Twitter post, Gurbacs wrote, “I am no cybersecurity expert, but it seems almost impossible to notice a bad tweet from org account, a tweet from the chair’s account to correct it, then recover a hacked social media account, then tweet about incident and response to it from a hacked account, all in a few minutes.”
However, Twitter’s Safety Department has confirmed that the SEC’s account was compromised.
They explained that this wasn’t because of any issue with X’s systems. Instead, someone managed to take control of a phone number linked to the SEC Government’s account using a third party.
