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"SEC Reveals SIM Swap Attack Behind Fake Bitcoin ETF Announcement"

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Source: Decrypt
"SEC Reveals SIM Swap Attack Behind Fake Bitcoin ETF Announcement"
Photo: Decrypt
TL;DR

The U.S. Securities and Exchange Commission (SEC) revealed that a fake Twitter announcement about the approval of spot Bitcoin ETFs was the result of a SIM swap attack on its @SECGov account, causing chaos in the cryptocurrency market. The unauthorized party obtained control of the SEC's phone number and reset the account password. The SEC disabled multi-factor authentication on its Twitter account, contrary to its chair's recommendations, and faced criticism from senators over cybersecurity procedures. The incident led to a plunge in Bitcoin's price before the real approval of spot Bitcoin ETFs was issued the following day.

Topics:businesscryptocurrency-cybersecurity#bitcoin#cryptocurrency-cybersecurity#cybersecurity#etf#sec#sim-swap-attack
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  1. SEC: Fake Bitcoin ETF Announcement Caused by SIM Swap Attack  Decrypt
  2. SEC provides update on recent X hacking over bitcoin ETF approval  Yahoo Finance
  3. New details emerge about SEC's X account hack, including SIM swap  CNBC
  4. SEC blames 'SIM swap' attack for compromising X account ahead of ETF approval  Yahoo Finance
  5. Technology — 'SIM swap' behind social media hack, SEC says  The Hill

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