Overview

• The U.S. Securities and Exchange Commission's (SEC) X account was hacked, leading to a fake announcement about the approval of spot bitcoin exchange-traded funds.
• The SEC confirmed that the unauthorized access was terminated within an hour of the incident, and no other SEC systems, data, or social media accounts were compromised.
• SEC Chair Gary Gensler stated that the SEC does not make announcements about actions on social media, and all official announcements are made on the SEC's website.
• Lawmakers have called for an investigation into the SEC's cybersecurity practices following the incident.
• The SEC approved the first U.S.-listed ETFs to track bitcoin a day after the hack.