X Exposes SEC Account Hack Resulted From an Unsecured Phone Number

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Last Updated on January 11, 2024 by Bitfinsider

X, previously known as Twitter, stated in a tweet that the X account of the United States Securities and Exchange Commission was hacked earlier today when someone gained possession of a phone number linked with the account.

X’s safety team said today that it has finished a preliminary investigation into the occurrence, after the SEC’s accusation that its X account was hacked to tweet a bogus message about the approval of spot bitcoin exchange-traded funds.

“Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party,” the X team stated in a statement.

X’s security team discovered that the SEC did not enable two-factor authentication for its account when it was hacked.

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