January 23, 2024 BY Elizabeth Anderson

SEC “SIM swap” attack knocks $63bn off bitcoin’s market value

The SEC determined that an unauthorised party had transferred a SEC mobile phone number linked to the X account in question onto another device. This act, although not an uncommon cyber theft act, left the market questioning the SEC’s security.   After the post, bitcoin’s market price decreased from approximately $48,000 to $45,5000, a fall of…

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