SEC’s Accounts Exposed: Genuinely Compromised via Telecommunication Numbers and Exclusion of 2FA

The Securities and Exchange Commission (SEC) recently made an announcement, which they later deleted, regarding the approval of a Bitcoin ETF. However, this post came from an account that was hacked. X, a well-known figure in the industry, has confirmed that the SEC account was indeed compromised. This issue arose from the connection between the SEC’s account and external apps, where a phone number played a crucial role. It is worth noting that the SEC account did not have two-factor authentication (2FA) enabled at the time of the hack. In light of this incident, X strongly advises all users to activate 2FA as an added layer of security.

TLDR: The SEC’s account was hacked, and X’s investigation reveals that it was not due to any system breach on their part. The issue stemmed from the integration of the SEC account with external apps and the lack of 2FA. It is recommended that users enable 2FA for improved security.