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Hackers Took Over the SEC’s X Account and Caused Millions In Losses for Bitcoin Investors
The X account of the Securities and Exchange Commission was compromised by hackers on Tuesday, the regulator has confirmed. After breaking into the account, the hackers falsely wrote on the SEC’s official account that the regulator had approved spot Bitcoin ETFs, which are exchange-traded funds that let investors dabble in Bitcoin without actually buying any cryptocurrency. The approval—or potential rejection—of these ETFs has been the main focus of the crypto industry for months, spurring a price rally that pushed the value of one Bitcoin over $40,000. "Today the SEC grants approval for #Bitcoin ETFs for ... (full story)