X reveals SEC account breach stemmed from unprotected phone number
Quick Take The safety team of X said that someone took control of a phone number associated with the SEC’s account, and the account “did not have two-factor authentication enabled.”
X, formerly known as Twitter, confirmed in a post that the X account of the U.S. Securities and Exchange Commission was compromised earlier today as someone obtained control over a phone number associated with the account.
The safety team of X said today that it has completed a preliminary investigation into the event after the SEC claimed that its X account was compromised to tweet a fake post on 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 said.
X’s security team noted that the SEC did not set up two-factor authentication for its account when it was compromised.
It is widely expected that spot bitcoin ETFs will likely be approved by the U.S. financial regulator on Wednesday with trading set to commence the following day.
The price of bitcoin spiked to around $47,900 following the fake announcement before dipping to around $46,100 on Wednesday at noon Hong Kong time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether expands USDT supply with new 1B USDT mint on Tron
Share link:In this post: Tether, the world’s largest stablecoin issuer, mints another $1 billion worth of USDT on the Tron blockchain on Monday. The stablecoin issuer has issued roughly $12 billion of USDT on Tron since the beginning of 2025. The total supply of USDT on Tron is currently at $71.71 billion.
Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets
Share link:In this post: Senator Josh Hawley intends to push to ban members of Congress and their spouses from trading stocks. If the Pelosi Act passes, members of Congress and their spouses will have 180 days to comply. President Trump has stated that he supports the act and would sign it into law.

US equities dip as investors wait for trade deal updates, Mag 7 earnings
Microsoft, Meta, Amazon and Apple are slated to report Q1 earnings this week, and we’re watching one especially closely
Get Ready for ZEN’s Big Move to Base
Trending news
MoreCrypto prices
More








