Former U.S. National Security Adviser Michael Flynn departs after a plea hearing at U.S. District Court, in Washington, U.S., December 1, 2017.

ABC News on Friday corrected a stunning news report about Michael Flynn, the former White House official who pleaded guilty to giving a false statement to the FBI, which sparked a feeding frenzy and ricocheted across markets.

Flynn, President Donald Trump's former national security advisor, admitted to lying to federal investigators about conversations he held with Sergey I. Kislyak, a Russian diplomat. The former general's plea was part of an ongoing probe into Russia's suspected attempts to influence the 2016 election.