The X account for the U.S. Securities and Trade Fee was hacked immediately to subject a pretend announcement on the approval of Bitcoin ETFs on safety exchanges.

The announcement got here this afternoon in a now-deleted tweet from the SEC’s hacked X account.

“In the present day the SEC grants approval to Bitcoin ETFs for itemizing on registered nationwide safety exchanges,” learn the pretend X publish.

“The permitted Bitcoin ETFs will likely be topic to ongoing surveillance and compliance measures to make sure continued investor safety.”

The tweet included a picture of SEC Chairperson Gary Gensler with a quote selling the alleged approval.

The information shortly unfold, with many cryptocurrency and mainstream information websites protecting the story and Bitcoin costs briefly spiking.

Nevertheless, Bitcoin’s bounce in value was shortlived because it pulled again on information that the SEC’s account on X was hacked to unfold the pretend information.

“The @SECGov twitter account was compromised, and an unauthorized tweet was posted,” tweeted SEC Chairperson Gensler.

“The SEC has not permitted the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.”

This was additional confirmed by an SEC spokesperson who informed BleepingComputer that the “unauthorized tweet concerning bitcoin ETFs was not made by the SEC or its employees.”

BleepingComputer contacted the SEC with additional questions on how they have been breached and if 2FA was enabled on the account.

X has been overwhelmed by an enormous wave of account breaches over the previous month, as quite a few verified organizations have been hacked to unfold cryptocurrency scams and hyperlinks to pockets drainers.

Yesterday, the Netgear and Hyundai MEA X accounts have been hacked to advertise pretend cryptocurrency websites that stole cryptocurrency from wallets that connect with the Web3 web site.

Web3 safety agency CertiK was additionally hacked final Friday to advertise a pockets drainer, and cybersecurity agency Mandiant was hijacked on Wednesday, regardless that it had two-factor authentication enabled.

Along with account hijacks, menace actors have taken to X’s promoting platform to create what appears like an infinite stream of malicious ads selling crypto scams and websites pushing pockets drainers.