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A SIM-swapping attack was behind the SEC’s fake Bitcoin post
The SEC said it didn’t have MFA enabled at the time.
By Emma Roth, a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. The Securities and Exchange Commission has linked a SIM swapping attack to its account breach on X earlier this month, which led to the creation of a fake post announcing approval of Bitcoin ETFs that caused the cryptocurrency’s price to spike. The SEC says law enforcement is still investigating how the attacker found out which phone number it was using for its X account, and how they got the mobile carrier to swap SIMs.
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