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SEC’s account compromise was not due to breach of X’s systems, company says

INDIA – 2021/10/16: In this Photo illustration a Bitcoin logo seen displayed on a smartphone with an ETF(exchange traded fund) logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images)

Sopa Images | Lightrocket | Getty Images

Social media X said late Tuesday it has completed a preliminary probe into the compromised account of the U.S. Securities and Exchange Commission that displayed a false post claiming the SEC had approved bitcoin ETFs for trading.

“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,” said X in the post, confirming that the SEC’s account was compromised.

“We can also confirm that the account did not have two-factor authentication enabled at the time the…

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