The social media site confirmed that the SEC’s main X account was hacked on Tuesday.this account, which Tweeting by mistake On the much-anticipated Bitcoin ruling, leaving the crypto world in limbo momentary commotionThe website said two-factor authentication was not enabled, allowing unknown parties to compromise it.
Late Tuesday night, X’s security team shared a post Provide details about the event. Part of the post reads as follows:
We can confirm the account @SECGov It has been leaked and we have completed our preliminary investigation. Based on our investigation, the leak was not due to a compromise of X’s system, but rather due to an unidentified individual taking control of a phone number associated with X. @SECGov Through third-party accounts. We can also confirm that the account did not have two-factor authentication enabled at the time of the breach. We encourage all users to enable this additional layer of security.
Ah, 2FA.it is indeed a An important part of Unfortunately, most people and organizations (apparently including social media managers at federal agencies) Ignore activation. Dear reader, let the SEC’s stupidity remind you once again and go get this thing turned on immediately.
Tuesday’s hack temporarily shocked the web3 community Into chaos After compromised SEC accounts posted false posts claiming the SEC had approved the highly anticipated deal Bitcoin ETF The crypto world has been obsessed with this lately.claim also Bitcoin had a wild ride brieflythe asset’s value temporarily surged, only to fall back sharply when the news became clear to be false.
The news that the SEC account was hacked seems to have poured cold water on it. conspiracy theory The story spread throughout the cryptocurrency community, with the likes speculating that the SEC orchestrated the entire incident for vague, nefarious reasons. It turns out that China’s top financial regulator is really bad at cybersecurity.
