US SEC’s X account hacked to announce fake Bitcoin ETF approval

The U.S. Securities and Exchange Commission's official X account was briefly compromised and used to post a fake announcement claiming approval of Bitcoin ETFs, prompting a short-lived spike in Bitcoin's price; the SEC confirmed unauthorized access, removed the post, and is working with law enforcement. The article frames this event as part of a larger wave of verified account hijacks and cryptocurrency scams on X, including promotions of wallet drainers and malicious ads targeting users.