SEC's X Account Hacked, Fake Bitcoin ETF Approval Announced

No Other SEC Systems Compromised, Investigation into Cybersecurity Practices Called For

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.