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Hello this is Matt on the moon Lambo Channel are you not entertained have you Heard what's happened or am I the first To let you know what's happened because It is ridiculous and it look sometimes It's hard to believe that real life is Actually real real life here but let me Just tell you right here at the outset Exactly what went down at uh either 3:10 Or 3:11 p.m. central Time today uh the Official secx account formerly Twitter Put out a tweet that spot Bitcoin TFS Were approved I'm going to show it to You shortly after this Gary guinsler put Out a tweet indicating that the official SEC account on X was compromised meaning It was Hacked markets went wild and it does Appear that it was a sell the news event Which is what I in fact it's exactly in Line with what I was expecting here so We'll talk about that as well I'm just Going to share with you some initial Response uh for anyone curious at the Time I'm recording this it is is 4:31 P.m. central Time uh Tuesday January 9th 2024 so this happened about an hour and 20 minutes ago um I waited just a little Bit before recording this video because I wanted to collect some comments from People that I knew would be chiming in On this and oh it's good stuff how is This real life man this is Crazy oh especially since in all
Likelihood like the damn thing is going To be approved and it's probably going To happen tomorrow but do we trust that They going to break the news on uh on x What a trade wreck I love I I am here For this but before going further I do Want to be clear I do not have a Financial background of any kind I'm not Offering Financial advice and you Definitely should not buy or sell Anything because of anything I say right I'm just an Enthusiast who enjoys making YouTube videos about crypto related Topics but just as a hobby and just for Fun all right so uh I got a screen grab Of this thing it's right here uh here This is and this is fake this is from Yes okay so it's 3:11 p.m. central Time Which is my time zone Zone from the Official SEC page or X account rather Today the SEC grants approval for Bitcoin ETFs for listing on all Registered National Securities exchanges The approved Bitcoin ETFs will be Subject to ongoing surveillance and Compliance measures to ensure continued Investor protection and then there's a Quote alleged quote from Kim Jean Ginzler which reads as follows today's Approval enhances Market transparency And provides investors with efficient Access to dig asset Investments within a Regulated framework so I I got to say Like it looks legit it whoever these
Hackers were having having a fun fun old Time uh it I credit to them for at least Making it look legitimate it was totally Believable and I I was sitting there I Actually um the reason I came across This is I was already looking up crypto Stuff I just happened to be at the time I went to coin Telegraph and the News Popped up right away and I was like oh This is exciting I clicked on it and um They had this whole story which has Since been removed move I mean heavily Modified anyway but for posterity I took Screen grabs of you can see here shortly After the news broke spot Bitcoin ETF Secure Landmark approval in the United States and I'm not going to read the Article to you but you can pause and if You want if you want the video if you Want to actually read through it I Shared five separate screen grabs of This bad boy just for posterity just Just for the sake of posterity here um But again didn't take too long for uh Things to uh the news come out that this Was absolutely just fake not before Causing absolute Mayhem in crypto Markets and so I put out a separate post And I wrote I'd like to note that it was A sell the news event before it was Discovered that the secx account was Hacked and that is indeed what happened Uh here you can see 24-hour chart for Bitcoin um here's 310 p.m. you can see
Where the price of Bitcoin was 46,8 899 bucks and then it spiked up uh Within the first several minutes or so Of this news coming out to almost $48,000 we have a 4 Hour High 47887737 P.m. uh Bitcoin was down to 4633 bucks so it did Spike up and then It went down for those of you that have Been following me on this channel and on X uh this is in line with what I said I Thought was likely to happen always Admitting of course I could be wrong but I was expecting a burst to the upside And then in short order a move to the Downside and at least in this short Period of time that does appear to be What happened it does look like it was I Mean well it is I don't even have to say It looks like it it was it was a sell The news event in line with what I I was Uh expecting here and here you can see The actual post from Kim Jean giner 3:26 P.m. this was the first indication that Uh that this was all just a fake that That their account had been compromised Hacked 3:26 p.m. and you can see what the Market did before it was known that this Was the case and it wasn't until 3:42 P.m. central Time that the um the Official SEC account uh noted that this Was was hacked so here's what Gary Ginzler wrote the SEC Twitter account
Was compromised and an unauthorized Tweet was posted the SEC has not Approved the listing and trading of spot Bitcoin exchange traded Products the SEC account uh which by the Way if it was hacked it's interesting That they got uh control of it back so Quickly but uh reads as follows the secx Account was compromised and an Unauthorized post was posted the secc Has not approved the listing and trading Of spot Bitcoin exchange traded Products um now after I I noted that uh This was a sell the news event I post on Your screen on I posted on X uh the Blockchain backer wrote to me and said And look at ethereum up and I don't know Why but that is correct here you can see Um where's the timeline so you can say Okay so here's 3:10 p.m. a minute before The fake news came out and ethereum just It just went up look at this it was Heading up while Bitcoin was going down Like even at 3:25 p.m. one minute before Gary giner let the world know this is Fake ethereum was up Bitcoin was down Isn't that fascinating so I I haven't Had time to think through that Sufficiently so maybe somebody has some Good theories on exactly what was going On there uh I again haven't had time to This point that is fascina and since Then even after the news broke that this Was all just uh you know fake just kept
Trending to the upside interesting right Here we have a post from Fox Business Journalist Charles Gasperino breaking Securities lawyers Tell Fox Business the SEC will have to Investigate itself for Market Manipulation after moving the price of Bitcoin up and down following the Hacked Tweet that it had approved the first Spot Bitcoin ETF and then saying it was Fake that said for the SEC not to Approve tomorrow would be unprecedented It has never rejected ETF applications That have gone as far as these Developing so this this is exactly what We want right we want for the SEC to Investigate itself for severe Market Manipulations because we we trust that Right how how is this real life how the Hell is this real Life what a grand old time this is not What I was expecting today my God I tell In 2024 has been Buck Wild so Far here you have Eric balunas um senior ETF analyst for Bloomberg and um he was initially Thinking that uh this actually could Have been uh a real post that was just Accidentally posted too soon here's what He wrote and he was on TV talking about This he wrote on X though on TV right Now talking about this and yes I think Someone prepped a planned tweet and put Wrong date because the Tweet would have
Made perfect sense tomorrow at this time The language sounds legit SEC is in my Opinion versus a crypto knucklehead Pulling a prank but I guess we'll see Now could be right I can't say for sure But somebody pointed out the following Here um so the the post the actual post You know saying that there was an Approved spot Bitcoin he F this is the Page for it you you can see it's been Deleted but there is this post from Somebody named Chris who wrote Satoshi Can't believe his aim and that was one Minute after after the post was uh put Up by the official SEC account now this Post here was actually liked by the SEC I don't know if they've unliked it by Here actually I can check while I'm uh Recording where's the SEC here's the SEC Account let's see if it's still up There Um That looks like they got rid of it okay Uh well I I promise you it's true Somebody I'm sure somebody has a screen Grab of this but uh actually I might I Saw one here where where did this thing Go one sec here so I'm looking for this Tab I think yeah here we go yeah Somebody this is the screen grip so Anyway uh so this person named Chris Wrote Satoshi can't believe his aim and Then do you really think that the Official SEC account would hit like on
That unless it's an accident I mean I Don't think they' intention do that Which would lead one to believe that Perhaps this wasn't just some sort of Mistake but maybe it was actually a hack But again if it's an actual hack how did They recover their account so quickly That's not what the norm is for Situations like this usually takes a While so I don't pretend to know I'm Just reporting what's happened at this Point and then there this is hilarious Too and this is widely circulated now There's a post from October 16th 2023 from the official SEC X account and This is so funny they wrote careful what You read on the internet internet the Best source of information about the SEC Is the SEC that was reposted well by a lot of People including James Seert uh who who works at Bloomberg and Has been covering all the ETF silliness Up to this point and he wrote should Have listened to the SEC about the SEC this is fantastic here you have Brad Garling house who wrote The Following 3:55 p.m. central Time days like this Remind me that number one the SEC SEC Should be investigating itself for Multiple things and two crypto Twitter Remains undefeated in memes oh yes Indeed the the number of new memes that We're going to get to enjoy in the
Coming days weeks months so on and so Forth it will be Unprecedented hell here's a post from Brian Monarch xrp Community member he Wrote all these crypto safety warnings From Gary guinsler and this fool doesn't Even have tofa on the secx account That's a rather Salient Point good I'm Glad Brian pointed that out there he tag Me thank for tagging me Brian what how how is this real life how Is this real life here's a post from Attorney Jeremy Hogan I'm sorry people I Have no idea whether the Bitcoin ETFs Are approved or not at this point I Think not yet if this is what The Regulators bring to crypto well it's Just like how crypto was before can we Consider this the first SEC rug Pool yeah why not I don't see why Not Fox Business journalist eler terret Simply wrote you cannot make this sww up Indeed uh here was attorney Bill Morgan He said the whole SEC was compromised And this is him reposting Gary Gendler's post about the uh the ex Account account being compromised Bill Morgan says the whole SEC was Compromised when you were appointed Chairman so what is one account Compromise by the way it is called X now Not Twitter spot on here you have Attorney James Murphy known as metal law Man on X he also reposted to Gary
Guinsler and said check out the Bitcoin Chart Gary I'm not pointing fingers but Somebody's negligence in your Organization just wrecked some real life Investors what is your plan to make them Whole I'll wait for your answer uh yeah I don't think that he's going to make Anybody whole this is just completely Absurd so um I I am sitting here Wondering and I haven't had a sufficient Time to think through this but I Wondering what this will mean in terms Of price action when this thing uh Presumably anyway does get approved Tomorrow is anything different now maybe I don't I need some time to think Through this and I'd love to hear Additional perspective from all of you Listening here but now that the market Reacted in the way that it would have Naturally reacted if this actually Occurred today uh is that going to Change anything for Tomorrow I mean Bitcoin at the time of Recording this at least and again not That much time has passed an hour and a Half or so uh bitcoin price is Struggling currently but for most of That time it's been known that uh that This was actually fake it was only for The first you know uh 15 minutes that uh Roughly that it was believed to to be Actually True so I don't know what that's going
To mean I don't know if this changes Anything but uh we're going to find out Together folks what in the ever loving Hell what fresh hell is This this is unbelievable man freaking Unbelievable so we'll see maybe maybe Maybe Market recovers I don't Know it's not like it went down like a Crazy amount but it was doing its thing Organically from that point on anyway so I'll wrap up here I'm not a financial Adviser you should not buy your sell Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lambo
