Sim-Swapper Hacked SEC Twitter Account to Spread False Report of Bitcoin ETF Approval
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In a development that raises several wide-ranging security questions, the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, announced on X, formerly Twitter, that the agency’s account had been compromised, resulting in a false “unauthorized tweet” that said the regulator approved an exchange-traded fund that tracked the price of Bitcoin.
“The S.E.C. has not approved the listing and trading of spot bitcoin exchange-traded products,” Mr. Gensler wrote in his post.
The identity of the person who breached the SEC’s account on X remains unknown. But X’s corporate safety account posted a statement saying the hacker had obtained “control over a phone number” associated with the SEC’s official handle on the site. The statement said the SEC had not enabled two-factor authentication, a common securit…
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