SEC's X Account Hack: Uncovering New Details

1 min read
Source: CNBC
SEC's X Account Hack: Uncovering New Details
Photo: CNBC
TL;DR

The U.S. Securities and Exchange Commission revealed that a SIM swap attack was responsible for the recent breach of its official account on X (formerly Twitter), leading to a fake post about bitcoin ETF approval. The unauthorized party gained control of the SEC's cell phone number and reset the account password, as two-factor authentication had been disabled. The agency is working with law enforcement and federal oversight entities to investigate the incident, while X (formerly Twitter) and its cooperation with investigators are under scrutiny.

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