X Platform Confirms SEC’s X Account has been Compromised, Hackers Gain Control over Account-related Phone Numbers

X Platform Confirms SEC's X Account has been Compromised, Hackers Gain Control over Account-related Phone Numbers

X Platform Confirms SEC's X Account has been Compromised, Hackers Gain Control over Account-related Phone Numbers

Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), confirmed earlier on Wednesday (10th) that the official X account of the SEC had been hacked and false news about approving a Bitcoin spot ETF had been released. This incident has sparked discussions within the community, with some even speculating that the SEC itself had set the wrong announcement broadcast date.

In response to this event, X platform issued an official statement confirming that the SEC’s X account had been compromised. According to the investigation conducted by the X team, this breach was not due to any leakage from the X system, but rather due to an unidentified individual gaining control over the phone number associated with the SEC account through a third party. Additionally, the account was not using two-factor authentication (2FA) at the time of the breach. X also recommended users to enable this feature to ensure account security.

Interestingly, Gary Gensler himself did not seem to practice what he preached regarding account protection. ZachXBT, a well-known blockchain detective, replied to the above tweet and posted a picture of a previous tweet from Gensler reminding the public to strengthen their security measures, including using strong passwords, setting up multi-factor authentication, and keeping account alert features enabled. ZachXBT sarcastically reminded Gensler to remember to take these measures as well.