"SEC Blames SIM Swap Hack for Twitter Account Hijack"

The US Securities and Exchange Commission (SEC) confirmed that a SIM swapping hack resulted in its X (Twitter) account getting hijacked. On January 9, hackers took control of the account and posted a false announcement claiming that the commission had approved Bitcoin futures Exchange-Traded Funds (ETFs). Due to the post, Bitcoin surged to a 19-month high before falling nearly 6 percent after SEC staff used Chair Gary Gensler's X account to reveal that the ETF announcement was false. SIM swapping, also known as simjacking, is a cybercrime in which a criminal deceives a wireless carrier into sending texts and calls to an unauthorized third-party phone or device. This enables a scammer to intercept password recovery and account verification codes. This article continues to discuss the SIM swapping hack that resulted in the hijacking of the US SEC's X account.

SC Magazine reports "SEC Blames SIM Swap Hack for Twitter Account Hijack"

Submitted by grigby1