The Security and Exchange Commission (SEC) has revealed that it is collaborating with the FBI in investigations on a false tweet posted by its official account concerning an approval to allow trading of Bitcoin spot exchange-traded funds.
The SEC clarified that a tweet suggesting such an approval was announced less than 24 hours before it actually happened should have been disregarded as “unauthorized” and resulted from a security breach. The account had been “compromised,” SEC Chair Gary Gensler confirmed.
The SEC, alongside the FBI and its internal oversight agency are investigating this incident, and the crypto space are encouraged to use only information coming from the official website of SEC for any modification related with bitcoin ETFs.
There was still some mystery around the situation, but on Jan. 10 different spot Bitcoin ETF offerings were approved and it became possible to trade through U.S based stock exchanges.
Also Read: Coinbase Offers SEC Help After Social Media Breach
