X Confirms 'Bitcoin ETF' Breach Was Not Of Any Of Its Systems, SEC Failed To Use 2-Factor Authentication On Phone And the hits keep coming for the SEC. https://x.com/Safety/status/1744924042681897343 With fingers being pointed and blame being apportioned for the SEC screw-up, X's Safety team have provided a rather awkward statement on the results of their probe of the breach. We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. 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. And there it is, just as the mainstream establishment would have loved to blame Elon Musk, or X, it turns out the world's leading securities regulator was incapable of utilizing two-factor authentication on an account that by all standards can be extremely market-moving in its capabilities. One thing to keep in mind if you're considering listening to @GaryGensler and the @SECGov: these cartoons can't even keep their twitter/X account safe.