Posted 1/23/2024, 1:27:00 PM
SEC Admits Security Lapse Enabled Bitcoin Tweet Hack
- US financial regulator SEC admits cybersecurity lapse before January Bitcoin post hack
- Multi-factor authentication was disabled on SEC's Twitter account for 6 months prior
- Hackers gained access via SIM swap attack on SEC employee's phone number
- Bitcoin price temporarily spiked after fake tweet announced SEC approval of Bitcoin ETFs
- Expert says incident should prompt security reviews, especially for government agencies