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Wall Street watchdog Twitter hacked by BItcoin scammers

The Twitter account of Wall Street’s top watchdog was taken over by Bitcoin scammers who pumped up its price with a fake message. The social media account of the US Securities and Exchange Commission (SEC) was “compromised” on Tuesday evening, its chairman said, after a post claimed the regulator had approved a Bitcoin exchange-traded fund (ETF). The price of Bitcoin briefly jumped by 2pc to reach over $47,900 on the message before crashing back after SEC chairman Gary Gensler disavowed the message. The spoof message comes as the market eagerly awaits a decision from the SEC on whether to approve Bitcoin ETFs. Investment giants BlackRock and Fidelity are among the companies wanting to launch funds.

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