SEC Twitter Account Hacked in Fake Bitcoin ETF Approval Tweet, Chair Gensler Confirms No Approvals
• Twitter says SEC account hack was not due to a breach of Twitter's systems, but rather someone gaining control of a phone number associated with the account
• Twitter Safety noted the SEC account did not have two-factor authentication enabled
• After fraudulent tweet of fake Bitcoin ETF approvals, Bitcoin price dropped from $47,680 to $45,500
• SEC chair Gensler tweeted that no Bitcoin ETFs have been approved after the fake tweet was posted
• SEC confirmed "unauthorized access and activity" on its Twitter account and said it will work with law enforcement to investigate