SEC is investigating a false post on its official X account, clarifying that approval for Bitcoin ETFs has not been granted as of now.

The United States Securities and Exchange Commission (SEC) reported an incident on Tuesday where an unauthorized individual briefly gained access to its official social media account on X. The perpetrator utilized this unauthorized access to disseminate a fabricated message claiming that the SEC had granted approval for exchange-traded funds (ETFs) associated with bitcoin. This announcement had been eagerly anticipated by the cryptocurrency industry.

It is imperative to clarify, however, that the SEC has not yet provided approval for spot bitcoin ETFs. The compromise of its X account, formerly known as Twitter, occurred momentarily, with the unauthorized access taking place around 4 p.m. Eastern time (2100 GMT). The regulatory body promptly addressed the situation, stating that the unauthorized access has been terminated.