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Home»ADOPTION NEWS»X Reveals SEC Account Breach Due to Unprotected Phone Numbers
ADOPTION NEWS

X Reveals SEC Account Breach Due to Unprotected Phone Numbers

By Crypto FlexsJanuary 10, 20242 Mins Read
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X Reveals SEC Account Breach Due to Unprotected Phone Numbers
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Posted 2 minutes ago In ~

X, formerly known as Twitter, has been confirmed. post The U.S. Securities and Exchange Commission’s X account was compromised this morning when someone gained control of the phone numbers associated with the account.

X’s safety team said today that it has completed its preliminary investigation into the incident after the SEC alleged illegal activity on X’s account. Hacked to tweet fake posts. This concerns the approval of a spot Bitcoin exchange-traded fund.

“Our investigation indicates that this breach was not the result of a breach of

X’s security team noted that the SEC did not have two-factor authentication set up on the accounts when they were compromised.

A spot Bitcoin ETF is widely expected to receive approval from U.S. financial regulators on Wednesday and begin trading the following day.

price of bitcoin Soars to about $47,900 After the fake announcement, it fell to around $46,100 at noon Hong Kong time on Wednesday.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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