FAKE NEWS – We wish to issue an important retraction and clarification regarding our previously published article titled “Historic U.S. Spot Bitcoin ETF Approval Granted by SEC.
Gary Gensler (@GaryGensler) on X
“The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
We wish to issue an important retraction and clarification regarding our previously published article titled “Historic U.S. Spot Bitcoin ETF Approval Granted by SEC.”
In our commitment information accuracy, we typically verify information through multiple sources. In this instance, however, the primary source of our report, a tweet from the official Twitter account of the U.S. Securities and Exchange Commission (SEC), was later revealed to be the result of a security breach. Despite cross-checking with three different sources, the rapid spread of this misinformation outpaced standard verification processes, leading to our unintentional endorsement of the false claim.
The tweet falsely suggested that the SEC had approved the listing and trading of a spot Bitcoin exchange-traded product. We acknowledge the gravity of this oversight, especially considering the impact such news can have on the cryptocurrency markets and investor decisions.
Upon closer examination and further investigation, it became clear that the SEC’s Twitter account had been compromised. The SEC swiftly responded to the incident, confirming the breach and stating unequivocally that the announcement regarding the Bitcoin ETF approval was unauthorized and inaccurate.
We extend our sincerest apologies for any confusion or inconvenience caused by our reporting. The integrity of our news is a responsibility we take seriously, and we are taking steps to enhance our verification processes to prevent similar incidents in the future.
We appreciate your trust in our publication and remain committed to delivering news with the highest standards of accuracy and reliability. As part of this commitment, we reiterate that the U.S. Securities and Exchange Commission has not approved a spot Bitcoin ETF, and any previous reports claiming otherwise are incorrect.
Thank you for your understanding and continued support.
