Official X account of the SEC released a “fake news” today (10) morning, approving the trading of Bitcoin spot ETF. The community discussed the hacking method of the SEC’s official account, and Musk humorously responded that the X password of the SEC is “LFGDogeToTheMoon.”
(Background information:
Fake news! SEC Twitter account (X) hacked, announcing the approval of Bitcoin spot ETF, causing BTC to surge to 48,000 and then plummet.)
After the official X account of the US Securities and Exchange Commission (SEC) suddenly released the “fake news” approving the trading of Bitcoin spot ETF, foreign media CNBC reported that it was “X being hacked, SEC was not hacked,” trying to shift the blame to the X platform. Musk responded helplessly that this is how traditional media operates.
Musk reveals SEC X password
From this morning until now, many cryptocurrency communities expressed extreme dissatisfaction with this, believing that the SEC has set up numerous obstacles for the approval of Bitcoin spot ETF, but did not ensure the security of the official X platform account. Some people also believe that they do not trust the SEC to regulate cryptocurrencies because it is well known that X platform’s news is crucial to the cryptocurrency market.
Interesting enough, when Musk was asked by netizens about the SEC’s X platform password, he humorously responded with “LFGDogeToTheMoon,” implying that Dogecoin is going to the moon. This response once again brought Musk closer to Dogecoin.
Musk reveals SEC X password
The community speculates that SEC may have been hijacked by SIM card
It is worth mentioning that soon after, someone in the community attempted to log into the SEC’s X account and found that the account did not have two-factor authentication enabled. They concluded that there are two possible main reasons for the SEC being hacked. The first is SIM card hijacking, a method that involves transferring or duplicating the victim’s SIM card information and then using SMS two-factor authentication (2FA) to control the account.
The second method is phishing attacks, which usually involve the victim clicking on a phishing link in private messages, often disguised as cooperation or interview invitations. Even if the account has Google’s two-factor authentication (2FA) enabled, once the user authorizes the phishing website, the attacker can still control the account.
Regardless of the method used, during this tense period in the cryptocurrency market, readers and investors are advised to carefully consider the source of information and be aware of the risks before investing.
Someone in the community attempted to log into the SEC’s X account
Related Reports
Animal Crossing launches Bells? Meme coin BEL briefly surges to $74, behind the scenes is the precursor of Dogecoin
Bitcoin spot ETF fee overview: Ark, Bitwise initially charge $0 to seize the market, this issuer is 7 times more expensive than others
BlackRock expects ETF to pass on January 10? VanEck: Preparation for $2 billion BTC issuance in the first week of rumors about Bitcoin spot ETF