TechFlow news: The U.S. Securities and Exchange Commission (SEC) has issued an official update clarifying the findings of its investigation into the false announcement about spot Bitcoin ETF approval previously posted on the X account @SECGov.
The SEC confirmed that an unauthorized party gained control of the phone number associated with the account through a "SIM swap" attack. The SEC emphasized that it has found no evidence indicating that the unauthorized party accessed its systems, data, devices, or other social media accounts. Law enforcement is investigating how the unauthorized party carried out the SIM card change and obtained the phone number linked to the account. In response, the SEC has now enabled multi-factor authentication (MFA) for its social media accounts.
SIM swapping is a technique that allows a phone number to be transferred to another device without authorization, enabling the attacker to receive communications tied to that number.
