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SEC Shut Off Extra Security on X For About 6 Months, Letting Hacker Breeze In

The U.S. regulator confirmed it didn't take its own security advice through much of 2023, leaving it open for a costly social-media hack that's still under investigation.

Chair Gary Gensler's U.S. Securities and Exchange Commission confirmed its bitcoin ETF hack was a "SIM swap." (Jesse Hamilton/CoinDesk)
Chair Gary Gensler's U.S. Securities and Exchange Commission confirmed its bitcoin ETF hack was a "SIM swap." (Jesse Hamilton/CoinDesk)