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TechRadar

Benedict Collins

The SEC did not follow best security practices in run up X account hack, and US lawmakers are not happy

SEC United States Bitcoin

Digital gavel.

Following on from the Securities and Exchange Commission (SEC) X (formerly Twitter) hack, US lawmakers are pushing for the SEC to review its cybersecurity practices after it was discovered there was no multi-factor authentication active at the time of the hack.

The hack resulted in a single tweet being released from the compromised account, stating that the SEC had approved exchange traded funds (ETF) for Bitcoin.

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