On Tuesday, 11 January, the official account of the US Securities and Exchange Commission (SEC) on social media platform X was hacked, raising concerns about the platform's security. The hackers posted false information about an anticipated SEC announcement relating to Bitcoin, causing the cryptocurrency's price to spike. The SEC deleted the post after 30 minutes. X confirmed the account had been compromised due to an unidentified person gaining control using the phone number associated with the account. The SEC did not have two-factor authentication enabled at the time.
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