U.S. Securities and Exchange Commission chair Gary Gensler gave an update on the investigation into the cyberattack targeting the agency’s Twitter account in a statement posted Friday.

The report comes three days after the official SEC Twitter account posted a message that all of the Bitcoin ETFs the agency was reviewing had been approved. The false tweet came at a time when the cryptocurrency world waited with bated breath to see whether and when the ETFs would move forward.

Soon after the fake news was posted, a tweet on Gensler’s separate account said that the SEC’s account had been “compromised.”

“The unauthorized party made one post at 4:11 pm ET purporting to announce the Commission’s approval of spot bitcoin exchange-traded funds, as well as a second post approximately two minutes later that said “$BTC,” Gensler wrote. “The unauthorized party subsequently deleted the second post, but not the first.

“Using the @SECGov account, the unauthorized party also liked two posts by non-SEC accounts.” the update read.

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Author: Jason Nelson

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