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X Confirms US SEC’s Official Account Was Hacked, No Insider Error Detected

2024.01.11

X Confirms US SEC’s Official Account Was Hacked, No Insider Error Detected

. 1 min read Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. US SEC
SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance

The official X account of the U.S. Securities and Exchange Commission (SEC) was compromised when it posted the fake spot Bitcoin ETF approval announcement, X has confirmed.

SEC’s Account did not Have a 2FA Set Up


Upon completing a preliminary investigation, X confirmed that the compromise did not stem from any vulnerability in their systems. Instead, an unidentified individual gained control over a phone number associated with the SEC account through a third party.

It was also revealed that the account lacked two-factor authentication (2FA) at the time of the breach, emphasizing the importance of users enabling this additional security layer.

Despite assurances from X regarding the source of the compromise, concerns were raised by U.S. senators and representatives, labeling the incident as a potential case of market manipulation. U.S. Senator Bill Hagerty decried the situation as “unacceptable,” demanding accountability similar to what the SEC would expect from a public company making a significant market-moving error.

SEC Faces Scrutiny From Lawmakers

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