Hoax: No Bitcoin ETF approval (yet)

[_act_]

To be precise, all we know after the X security team's clarification is, that someone managed to access the account due to the lack of 2FA.

It doesn't say, an external hacker or a malicious SEC intern... The possibility is still there. It could've been an inside job with the same 50% chance.

How will United States SEC account not using 2FA after several news of Twitter account that were compromised. This is not new. The hackers were able to have control over the account because of SEC mistake.

I am guessing that it might be an insider work but this can be very wrong. If other Twitter account can be compromised, it is possible that this might be an outsider work.

US senators are seeking explanation about this and Monday is the deadline. Let us see what they Gary Gensler will say about it. https://cointelegraph.com/news/us-senators-letter-gary-gensler-congress-report-x-breach-4-days

[Franctoshi]

Why all these dramas and delays by the SEC?
To me, this is just market manipulation period, and no compromise, SEC knows exactly what they're doing, kind of trying to see market reaction should they approve the ETFs application, maybe some things are going on behind the scene that we the masses don't know. I'm even thinking that they won't approve the Spot ETFs today, and it will get shifted to March.

[alastantiger]

Why all these dramas and delays by the SEC?
To me, this is just market manipulation period, and no compromise, SEC knows exactly what they're doing, kind of trying to see market reaction should they approve the ETFs application, maybe some things are going on behind the scene that we the masses don't know. I'm even thinking that they won't approve the Spot ETFs today, and it will get shifted to March.

The SEC is facing issues, the paradox being that BTC and blockchain are the future, not just for visionaries. The tsunami of legal demands is looming if it doesn't authorize the requests for the BTC ETF from several companies. It has already lost one lawsuit the judges stated that there is no objective reason to deny authorization for the ETFs. The U.S. government is not inclined to allow more legal challenges.

[bluebit25]

Actually, I feel that these things are quite ridiculous, SEC performed worse than amateur actors when delivering a very poor quality play, they want us to react more.

I also have some negative speculations about creating liquidity for fish that have accumulated a lot of goods before, but the hypothesis is not convincing. Coincidentally, when I received the notification on wait more.

Either way, everything is in place for approval sooner or later, a little more delay only increases the suspense and remains as always the optimism that this will have to happen.

[Kelward]

Doesn’t this look more like a planned thing for Manipulation? The account get hacked just few hours to when rumor has it that they will be a statement about it. This whole saga doesn’t just add up to me because whenever bitcoin does well a rumor like this suffices now it’s account hacking? SEC must really be having us on the balls.

So it could be an inside job, perhaps a group from the inside to test how the crypto community will react to the much awaited and anticipated news of Bitcoin ETF. One thing is certain now that it's a fake news, so where do we go from here and when are we looking at to hear the authentic news? I'm hoping that we're not hit by another fake news again.

[AirtelBuzz]

The US Securities Exchange posted his and the commission saying the Bitcoin ETF had been approved, and soon after Gray Gensler said the @SECGov (X) Twitter account had been compromised and also posted an unauthorized tweet about it. No twitter account hacked before but today twitter account hacked after bitcoin etf approval announcement? Maybe a new play in Bitcoin ETFs.

Why all these dramas and delays by the SEC?

So many memories  

X(Twitter)

[Z390]

Well done SEC for making yourselves look so stupid, even though it's a manipulation, and all part of your plan, but people will doubt that you guys will do a very good job, I think SEC should be scrapped and the government or who ever give them this authority should build something new from scratch.
I think the major plan haven't been unfold yet I believe these people are planning something that might never be forgotten in crypto history, let's wait and see what will happen from now on.

[blckhawk]

The gall of that troll to do that hack is just so awesome to me, they're probably planning to do this for a really long time now and they've probably got a bet that it's going to push the price to go up so they did just that to make this bet come true. Did this affect the price though? I'm pretty that this kind of fake news can affect the market right? I like what @Kelward's saying tha this could be an inside job to test the water is, that seems to be a likely thing to happen too but my mind just went to the part where it's a troll hacker.

[Synchronice]

Here is the irony. SEC made this tweet last year.  



They have been singing of how crypto is a scam for years and of how they have been giving the US citizen security against scams and market manipulation, but the so-called SEC can't even secure their own x account.

What does this tell you about the Government? Do not trust and blindly follow whatever they say.

Maybe they tested their power? How easy is it to speculate bitcoin's price and make millions of dollars? If they are so dumb that their twitter account got hacked and they didn't really have 2FA on that, then there is a very big inner problem that needs fix at first before they actually approve Bitcoin ETFs.

To be honest, they are probably so dumb that they wanted to auto-post it tomorrow but someone accidentally posted it immediately

Governments at large do not really know how to do cybersecurity, because the hackers are faster than not only the researchers, but they are also faster than whatever dinosaurs in the government are making policy - even the FBI can't do much to help here.

I think that Nepotism is the problem. They choose dumb relatives instead of smart, hard-working talents. Then these dumb people set rules and decide the everyday life of the society.