SEC Blames 'SIM Swap' Attack as X Account Hacked Before Official Approval of Bitcoin ETF

THE SECOND had multifactorial authentication activated six month Before has THE To hack, but he was disabled by X Support following A request by A SECOND staff member, THE securities regulator revealed.

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THE United States Securities And Exchange Commission has confirmed he fell victim has A “S.I.M. to exchange" attack, leading has THE FAKE X job on Jan. 9 declaring that place Bitcoin (BTC) exchange traded funds (AND F) had has been approved.

"Two days After THE incident, In consultation with THE DRY telecom carrier, THE SECOND determined that THE unauthorized to party got control of THE SECOND cell phone number partner with THE account In A apparent 'SIM to exchange' attack," A SECOND spokesperson said on Jan. 22.

"Once In control of THE phone number, THE unauthorized to party reset THE password For THE @SECGov account," THE SECOND spokesperson added.

THE SECOND said law enforcement East investigate how THE unauthorized to party obtained THE carrier has change THE SIM card For THE account And how THE to party knew which phone number was partner with THE DRY X account.

THE SECOND Also revealed that six month Before has THE attack, A staff member deleted multifactorial authentication as A additional layer of protection due has problems to access THE account. THE security measure was not restored until After THE Jan. 9 attack.

THE SECOND said he did not have find any of them evidence suggesting THE unauthorized to party won to access has other SECOND systems, data Or social media accounts.

Related: Fake place Bitcoin ETFs Tweeter 'likely was not THE SECOND,' said Blockchain Association director