Both SEC and Twitter Announce Investigations Into Fake Bitcoin ETF Tweet

A single fake Twitter post has sparked chaos in both the crypto space and broader financial markets, and both the Securities and Exchange Commission and Twitter itself are looking into what happened.

“The SEC has determined that there was unauthorized access to and activity on the @SECGov x.com account by an unknown party for a brief period of time shortly after 4 pm ET,” the commission told Decrypt late Tuesday. “That unauthorized access has been terminated.”

“The SEC will work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct,” the statement continued.

This is a developing story and will be updated as more information becomes available.

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Source: https://decrypt.co/212245/both-sec-and-twitter-announce-investigations-into-fake-bitcoin-etf-tweet