Was sec's x account compromised?

The SEC’s X account was compromised and a fake post claiming that the agency had green lit plans for the products fueled a brief surge in the price of the world’s biggest cryptocurrency. It also has sparked an investigation by US authorities into how a social media account at Wall Street’s main regulator was compromised.

Did X hack SEC account?

X says hacker had control over phone number associated with SEC account. The Securities and Exchange Commission's X account was hacked yesterday and briefly displayed a post falsely announcing the approval of bitcoin exchange-traded funds (ETFs), causing an abrupt swing in bitcoin's price.

Did an unidentified person compromise the SEC's account?

The social media service said in a post that “an unidentified individual” compromised the SEC’s account by acquiring control of an associated phone number. It added that the account didn’t have two-factor authentication enabled at the time of the incident.