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SEC's X Page Hack "My take"

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by COINS NEWS 79 Views

#1. If it we're hackers for market manipulation to make a profit, isn't it better for the hacker to post "ETF Declined" instead of posting "ETF Approved"

#2. How did they hack the account and then recover it within minutes? Usually takes 24 hours.

#3.If they were planning on approving, they should have just made the announcement with the hack information to avoid so much volatility at this point. It doesn't hurt anyone to approve a day early any more than the damage they created on announcing it was a hack and it hasn't been approved yet

#4. They may be forced to approve at this point to avoid being sued

Overall who really know's but alot of things dont add up.

I personally believe The SEC did this themselves because on January 10th they will repeatedly reject the BTC ETF on the grounds of possible market manipulation and point out the events of the previous evening.

I hope im wrong, but my gut tells me tomorrow will see BTC at 38k.

submitted by /u/damiensandoval
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