The Securities and Exchange Commission (SEC) provided an update on the recent hacking of its X, formerly Twitter, account. They revealed an unauthorized third party conducted a SIM swap attack to access the phone number connected to the account. This allowed the hackers to tweet false information that spot bitcoin ETFs had been approved, when in fact they had not been approved yet.
Yahoo Finance’s Jennifer Schonberger breaks down the details.
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Editor’s note: This article was written by Angel Smith
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