"The @SECGov X account was compromised, and an unauthorized post was posted," the SEC said after the hack. "The SEC has not approved the listing and trading of spot bitcoin exchange-traded products."
"Based on our investigation, the compromise was not due to any breach of X's systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party. We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised. We encourage all users to enable this extra layer of security," X said.
"The posting came as the SEC was widely expected on Wednesday to finally approve a batch of ETFs that track the price of bitcoin, in a potential watershed moment for the crypto industry. The unauthorized post surprised the
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