From Dow Jones & Company:

The Securities and Exchange Commission announced that a social media post on X falsely claiming approval of spot bitcoin exchange-traded funds was created after an “unauthorized party” gained control of the agency’s account. The agency is coordinating with the FBI and Department of Homeland Security and is assessing the impacts of the incident. Despite the confusion, the SEC did approve the listing and trading of spot bitcoin ETFs on Thursday, marking a breakthrough for the crypto industry which has been seeking such ETFs for years. Bitcoin was down 7.6% over a 24-hour period as of Friday evening.



Read more: SEC weighing ‘additional measures’ after hacked post on bitcoin ETF approval