On January 9, during a period of heightened anticipation surrounding the potential approval of Bitcoin exchange-traded funds (ETFs), an unauthorized post appeared on the SEC’s X account claiming the approval had been granted. This triggered a surge in Bitcoin’s price before the SEC quickly debunked the post and attributed it to a hack.
The U.S. Securities and Exchange Commission (SEC) provided an update on the hack of its official account on X (formerly Twitter), revealing that the attack leveraged a technique known as SIM swapping, where the attacker gained control of the phone number associated with the @SECGov account. This allowed them to reset the account password and gain access to post the fake announcement.
