SEC Reveals SIM Swap Attack🚨:

The SEC has revealed that a SIM swap attack was behind a false Bitcoin ETF approval announcement. The attacker reportedly gained control of a high-ranking official’s phone number and used it to spread false information. The incident highlights the ongoing security challenges facing the cryptocurrency industry. The SEC has launched an investigation into the incident and is working to improve its security measures. The incident serves as a reminder of the importance of strong cybersecurity practices in the cryptocurrency industry. It also underscores the potential for misinformation to impact cryptocurrency prices😱.

#BTC🔥🔥 #BTCto40k #BTC-ETF #SIM-swap #SimSwapAttacks

Vitalik Buterin’s X Account Hacked Due to SIM-Swap Attack? 📲

Vitalik Buterin's T-Mobile account was recently compromised by a #SIM-swap attack, exposing vulnerabilities in online security.

This led to his Twitter account being hacked, resulting in users losing over $691,000 in a scam.

#Buterin 's experience highlights the risks of using phone numbers for authentication, even without 2FA. It's a reminder for users to detach their phone numbers from Twitter and strengthen online security.

The incident also prompted calls for improved #2FA adoption. Notably, T-Mobile has faced previous lawsuits related to SIM-swap attacks, raising concerns about their security measures.

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#crypto2023