On January 17th, cryptocurrency KOL Autism Capital responded to the false news report about the approval of a Bitcoin ETF on social media. In the video, Cointelegraph editor Kristina Lucrezia stated that this is not a problem with journalism, but rather a problem with society and social media. If you are not the first to report, it means you are the last, and this is what happens when Cointelegraph constantly faces pressure to be the first to report every piece of news.

About 20.2 million ARB (worth $16.3 million) were redistributed through Coinbase after Spot On Chain monitoring reported false news about the US SEC approving the iShares Bitcoin Spot ETF on Cointelegraph.

Cointelegraph conducted an internal investigation into the false news about the approval of the iShares Bitcoin Spot ETF under BlackRock last night. The origin of this news was an unconfirmed screenshot posted by a user named X (formerly Twitter), who claimed it came from Bloomberg Terminal. The editorial team initially received an alert about this false news through a Telegram channel. To report the situation as quickly as possible, an employee posted the report on X without confirming the authenticity of the editor's source in advance. Cointelegraph stated: "This violates Cointelegraph's social media process. In this process, the source needs to be confirmed and approved by the editor before publication."

Cointelegraph officials apologized for the spread of incorrect information regarding the approval of the BlackRock Bitcoin ETF. The team is currently conducting an internal investigation, which will be completed within 3 hours, and the results will be shared with the public afterwards.

Cointelegraph had previously reported that the tweet announcing the approval of BlackRock's iShares Bitcoin Spot ETF by the US Securities and Exchange Commission has been deleted.