SEC Chair Gensler addresses X account hack in statement: 'Still assessing the impacts'
Quick Take The SEC has released a statement addressing the recent security incident that led to a false spot bitcoin ETF approval announcement on the SEC’s X account. The statement claims the agency is “still assessing the impacts of this incident on the agency, investors, and the marketplace” and does not mention multi-factor authentication.
The Securities and Exchange Commission has released a statement addressing the recent hijacking of its X account, through which an unknown agent posted a false spot bitcoin ETF approval announcement.
In a statement attributed to SEC Chair Gary Gensler, the agency claims "an unauthorized party gained access to the @SECGov X.com account by obtaining control over the phone number associated with the account." This language is reminiscent of SIM-swapping attacks, a common form of X account hijacking that can be mitigated through multi-factor authentication—something Gensler once advised in his own X post .
In the statement , Gensler writes, "Commission staff are still assessing the impacts of this incident on the agency, investors, and the marketplace but recognize that those impacts include concerns about the security of the SEC’s social media accounts."
Gensler also notes that the agency is working with law enforcement to investigate the incident further.
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
Dogecoin (DOGE) Founder Makes Mind-Blowing DOGE Proposal for the US
Dogecoin founder Billy Markus, in his statement on X, made a Dogecoin proposal for the US administration.
Why are Altcoin Sluggish? Analysis Company Reveals the Forecast Course of Altcoins for the Next Period
Cryptocurrency analysis company Alphractal evaluated the latest status of altcoins in its statement. Here are the details.
Memecoins Outshine Crypto Market with 103% Gains in a Month
Tether Issues $1 Billion in USDT on Tron Network, Boosting Liquidity