After the U.S. Securities and Exchange Commission (SEC)’s official It was not hacked." He tried to blame the incident on the X platform. Musk reluctantly responded that this is how traditional media operates.
Musk releases SEC X password
Since this morning, many cryptocurrency communities have expressed extreme dissatisfaction with the incident. They believe that the SEC has clearly set many hurdles for the approval of Bitcoin spot ETFs, but does not check the security of the official X platform account. Some people think that it is simply The SEC is not trusted to regulate cryptocurrencies because it is known that news about Platform X is extremely important to the cryptocurrency market.
Extended reading: Bitcoin ETF makes an own mistake》The FOMO whale"acknowledged the loss and rushed out" and lost 50,000 mg in ten minutes, Cointelegraph's internal dialogue exposed
Interestingly, when Musk was asked by netizens about the SEC’s X platform password, Musk responded with a mocking humor and announced “LFGDogeToTheMoon”, which meant that Dogecoin rushed to the moon. This response once again brought Musk and the Dogecoin relationship.
The community speculates that SEC may have been hijacked by SIM cards
It is worth mentioning that soon someone in the community tried to log in to the SEC's X account and found that the account did not have two-factor authentication set up. They attributed the SEC to two main reasons for being stolen. The first is SIM hijacking, which involves transferring or copying the victim's SIM card information and then using SMS two-factor authentication (2FA) to take control of the account.
The second is a phishing attack, which typically involves the victim clicking on a phishing link in a private message, often disguised as an invitation for collaboration or an interview. Even if the account has Google two-factor authentication (2FA), once the user authorizes the phishing website, the attacker can still take control of the account.
No matter what the method is, in the recent nervous moment of the cryptocurrency market, readers and investors should carefully consider the source of information and be aware of the risks before investing.
