SEC Approves ETF - Turns out, NOT

[digaran]

This looks more like a professional troll trying to troll another troll. I like it.😂

[1714547696]

1714547696

[thiagothx1370]

Human are desperate when it comes to getting what they want. The hack of Gary Gensley x account must be from one of those institutions that wants to trade bitcoin because they have already stashed up their bags believing that today SEC will approve bitcoin ETF. This was why they had to do the hack to give false news to the public, so that within that period, the price of bitcoin will soar. Unfortunately for the hackers, not quite long that the rumor was in the air, was when Gary Gensley cleared the air that his x account was hacked. This means that no one is safe from these hackers if they mean to hack into any of your account, this is why we should be careful with our security when using the internet. I don't care about the approval of bitcoin ETF because it will be an attack on financial freedom.

I totally agree with you. ETF is a rubbish, bitcoin do not need this fund to be aproved to have its price incresing in a long run. The price will increse naturally, this ETF only will deliver more power to the government of USA.

[Mayor of ogba]

This is just a manipulation from the SEC, they wanted to sell at a high price and buy back at a low price before the spot Bitcoin ETF gets approval.

[Hyphen(-)]

This is just a manipulation from the SEC, they wanted to sell at a high price and buy back at a low price before the spot Bitcoin ETF gets approval.

From their statement this morning that it is not a security breach but they lose control over their phone number, and also the account did not have 2fa security, I am beginning not to trust them anymore.

This can be manipulation so that they can accumulate more BTC if people react to the news.

This might also be the outcome of the SEC since it is an insider who tweeted the news, but maybe it is not the right time to post it.

I am advising us to be very careful with the way we invest especially traders because there is so much corruption going on in the crypto industry especially governments that are trying to get involved in bitcoin transactions.

[Taskford]

This is just a manipulation from the SEC, they wanted to sell at a high price and buy back at a low price before the spot Bitcoin ETF gets approval.

It happen that they release this statement https://www.cnbc.com/2024/01/09/sec-says-it-did-not-yet-approve-bitcoin-etf.html so maybe they are just playing with people speculating about ETF approval. But I guess with current officials they have I guess we can't hope for them to approve it anytime soon since they always come up with many excuse once the deadline for ETF approval came.

I guess we should settle out about this case and move on from ETF discussion since nothing will happen there since maybe there are not totally convince that bitcoin is really a good asset to trade. Maybe some manipulators just want another round of downfall so they can buy and wait for halving season to happen. Now many believe that this is just manipulation so I guess a lot of people now would agree with this due to recent events happen to them.

[ajiz138]

How many people lost money because of this fake tweet? People should sue the SEC imo. When you are an important government agency, you simply can’t afford to get hacked. I am not buying this bullshit. The SEC manipulated the markets right in front of everyone and these are the guys that was supposed to protect us from the manipulators. Also this is just the beginning. Imagine what will they do when they approve the ETF and have unlimited power over the btc price. They will build a casino where the only winners are Blackrock

Obviously there are many losses for the fake tweets made by the SEC, but a government agency class does not secure accounts properly and they don't even apply 2FA, this is really ridiculous.

This is right in front of us all, especially before the decision whether it is approved / not, what comes out instead of news like this means that it will all consider it clear that this is being manipulated by their side for the benefit they get.

We hope that there will be approval because of the desire for prices to rise, but it is likely that behind all of this there is a plan that is being built.

[Mayor of ogba]

This is just a manipulation from the SEC, they wanted to sell at a high price and buy back at a low price before the spot Bitcoin ETF gets approval.

From their statement this morning that it is not a security breach but they lose control over their phone number, and also the account did not have 2fa security, I am beginning not to trust them anymore.

This can be manipulated so that they can accumulate more BTC if people react to the news.

This might also be the outcome of the SEC since it is an insider who tweeted the news, but maybe it is not the right time to post it.

I am advising us to be very careful with the way we invest especially traders because there is so much corruption going on in the crypto industry especially governments that are trying to get involved in bitcoin transactions.

I agree with you that is a manipulation since last year the SEC didn't lose control of their phone number, it is now that we are expecting the spot Bitcoin ETF to be approved that is when they have to lose access to their phone number. It is more clear that the "tweet" was made by the SEC since it was an insider who tweeted it because the person would not made such a tweet without the permission of the SEC. we should keep on accumulating Bitcoin with the DCA strategy till this situation is cleared.

[LogitechMouse]

Whoever is the user of that SEC Twitter account must be the one who's accountable for not using 2FA.
Or Gary Gensler himself is the one using that Twitter account.

Nevertheless, it killed my excitement towards an acceptance of a Spot Bitcoin ETF. Like TBH, it's like they pranked us. Like literally they posted that tweet, then after a few minutes, they'll just say that it got hacked? WTF!! Well, I'm not that excited when it comes to a Spot Bitcoin ETF getting accepted, but still, there's some bit of excitement in me because an acceptance of a Bitcoin ETF means a price increase for the price of Bitcoin. I just can't imagine how they aren't able to add 2FA to their account. They have millions of followers and they didn't even think of the possible consequences of this? Or do they plan to do it from the start just to kill our excitement?

Well, I'm not affected at all by this "PRANK" that they pulled out. Price of Bitcoin is going down already, and it's a good time to at least accumulate some in preparation for the bull run.

[electronicash]

excitements gone. not surprising anymore. if there is another 2nd troll for this approval like approving it and then rebutted after, just picture gensler smiling.

they have done this before like the dtcc listing they also killed the excitement. SEC is trolling, they know its gonna come but at least making money out of manipulation comes first before that real approval. there's got to be many futures traders who lost their money after executing a long position.

[kryptqnick]

Oh wow, that was quite a hack. I understand why someone would do that, but it proves, once again, how bad security is on Twitter, and that even official Twitter accounts can't be fully trusted because you don't know if the message was actually written by the owner. Still, even a scandal like this puts additional pressure in the SEC, making people once again focus on the matter of ETFs. It's also a good way for the SEC to test the reaction of people in case they approve an ETF. So, who knows, maybe it was intentional, just to test it out and then see how people also react to the refutation.

[tbterryboy]

I was not expecting the SEC would be so careless. When they know everyone is awaiting approval they get their X.co handle hacked. A lot of money has been lost today due to the fake tweet. Bitcoin was going to break the barrier of 48k when the correct news was released. Not sure but now there is another news that is spreading that an ETF approval is imminent by the 15th of this month. Since the news is circulating in social media it can be rumour.

I don't think so. And would you also say that most people who got hacked are careless? The truth is that some hackers are only too skilled. Even the government's systems got hacked too, so how much more a social media account when hacking of accounts there aren't even a new thing. For those money who are lost due to FOMO, well it was already their fault. I guess they will now invest the proper way?

Another thing is that, they will now take things slowly and won't just believe easily on what they see. After the fake news incident, I'm sure people will now be quiet and will just wait on the 15th to see if there is truly an approval that happened or not.

[coolcoinz]

Oh wow, that was quite a hack. I understand why someone would do that, but it proves, once again, how bad security is on Twitter, and that even official Twitter accounts can't be fully trusted because you don't know if the message was actually written by the owner. Still, even a scandal like this puts additional pressure in the SEC, making people once again focus on the matter of ETFs. It's also a good way for the SEC to test the reaction of people in case they approve an ETF. So, who knows, maybe it was intentional, just to test it out and then see how people also react to the refutation.

It wasn't a hack, unless every time someone guesses your password you call it this way.

The SEC has made a fool of itself. The organization that is supposed to protect investors, that tells you what is safe and is not, that says it fights market manipulation has successfully compromised itself by leaking out its phone number that was used to register the account and not using 2FA.

How are they supposed to stop market manipulation if its own twitter account (yes I prefer the old name) causes one?