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Social media company X (formerly Twitter) has completed its investigation into the compromised account of the U.S. Securities and Exchange Commission (SEC), stating that the breach was not due to any breach of X’s systems. Instead, an unidentified individual gained control over a phone number associated with the @SECGov account through a third party. The SEC confirmed that the false post claiming approval of bitcoin ETFs was unauthorized and denied by SEC Chair Gary Gensler. Bitcoin prices initially rose but fell below $46,000 after the SEC clarified that it had not approved the ETF.

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