#US-EUTradeAgreement #BNBBreaksATH #ETHReclaims3800 #CryptoScamSurge #AmericaAIActionPlan $BTC $ETH $XRP Immediate Market Impac
The tweet caused a dramatic price spike—Bitcoin surged nearly $2,000—before reversing sharply once the news was corrected. This event highlighted how sensitive crypto markets are to breaking headlines.
🕵️ Was It a Hack or Human Error?
The SEC’s official account later claimed it had been compromised and denied authoring the tweet.
Observers noted inconsistencies in the tweet’s style—such as unusual branding and formatting—which don’t match typical SEC communications, suggesting it may not have originated internally.
🏛️ Regulatory Fallout
U.S. Senators Ron Wyden and Cynthia Lummis called for an investigation, pointing to the SEC’s failure to use multi-factor authentication and phishing-resistant hardware tokens. They sought a full review by the SEC’s Inspector General.
✅ Final Official Outcome
Cointelegraph issued a public clarification acknowledging the mistake and detailed internal procedural lapses that led to the premature posting. They have committed to stricter editorial controls moving forward.
📊 Summary Tabl
Aspect Details
Event Cointelegraph tweeted SEC had approved a spot Bitcoin ETF
Accuracy False; withdrawn after verification failed
Cause Social media typo or misinformation, not SEC policy
Market Reaction BTC price spiked then quickly reversed
SEC Response Claimed its X account was compromised
Regulatory Action Congressional calls for investigation and cybersecurity improvements
