{"id":12702,"date":"2026-09-02T09:28:12","date_gmt":"2026-09-02T09:28:12","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12702"},"modified":"2026-09-02T09:28:12","modified_gmt":"2026-09-02T09:28:12","slug":"x-investigates-suspicious-password-reset-wave-following-x-money-rollout","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12702","title":{"rendered":"X Investigates Suspicious Password-Reset Wave Following X Money Rollout"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_6b2870d51b39cb74b12699ae490a274d\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">X product engineer Mridul Singhai said on Sept. 1 the company is investigating a wave of unsolicited password-reset emails and verification codes, and has \u201cfound no evidence of any breaches\u201d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Singhai tied the activity to attackers testing accounts now that X Money is widely available; the payments service reached US Premium and Premium+ subscribers on July 27.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advice circulating among users and through X\u2019s Grok assistant urged enabling two-factor authentication, switching on X\u2019s \u201cPassword reset protect\u201d setting and not clicking links in the emails.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Password-reset emails and verification codes that users never requested hit X in bulk around Sept. 1. This comes weeks after opening its X Money payments service to more US customers.<\/p>\n<p class=\"wp-block-paragraph\">\u201cAttackers appear to believe that, now that @XMoney is widely available, they can gain unauthorized access to accounts\u201d, Mridul Singhai, a product engineer at X, posted on Sept. 1. \u201cWe are actively investigating the issue and, so far, have found no evidence of any breaches.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The emails came from X\u2019s own password-reset system, which fires whenever someone requests a reset for an account.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"\/>\n<p class=\"wp-block-paragraph\">Attackers were feeding public usernames into that form in bulk, according to X, not exploiting stolen data. The messages had been arriving for weeks before the Sept. 1 spike, and X has not said how many accounts were hit.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Read more: Michael Saylor Signals Strategy Is \u2018Back\u2019 to Bitcoin Buying<\/strong><\/p>\n<h2 id=\"h-targeted-accounts\" class=\"wp-block-heading\">Targeted Accounts<\/h2>\n<p class=\"wp-block-paragraph\">X opened X Money to US Premium and Premium+ subscribers on July 27, its first broad consumer launch after a June test, and limited to select users 18 or older.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The service, built as a Venmo-style payments app, lets users hold deposits, send peer-to-peer payments, pay bills and send wires, with balances held at Cross River Bank and insured by the FDIC up to US$250,000 (AU$350,000).\u00a0<\/p>\n<p class=\"wp-block-paragraph\">It also offers a Visa debit card, cash back on purchases and, for Premium+ subscribers, deposit coverage of up to US$10 million (AU$14 million) spread across partner banks.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">That attached a bank balance to users\u2019 X handles, part of Elon Musk\u2019s plan to turn X into an \u201ceverything app\u201d combining social media and financial services.<\/p>\n<p class=\"wp-block-paragraph\">US Senator Elizabeth Warren had already pressed Musk on the risks of X Money before its launch, warning that folding payments and crypto into the app could threaten financial stability and national security.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Read more: Bitcoin Eyes $81K Mark While ETF Flows Slow Down<\/strong><\/p>\n<\/p><\/div>\n<p>X,X money#Investigates #Suspicious #PasswordReset #Wave #Money #Rollout1788341292<\/p>\n","protected":false},"excerpt":{"rendered":"<p>X product engineer Mridul Singhai said on Sept. 1 the company is investigating a wave of unsolicited password-reset emails and verification codes, and has \u201cfound no evidence of any breaches\u201d. Singhai tied the activity to attackers testing accounts now that X Money is widely available; the payments service reached US Premium and Premium+ subscribers on<\/p>\n","protected":false},"author":1,"featured_media":12703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[6632,1723,6678,3545,5639,535],"class_list":["post-12702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-investigates","tag-money","tag-passwordreset","tag-rollout","tag-suspicious","tag-wave"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>X Investigates Suspicious Password-Reset Wave Following X Money Rollout - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12702\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"X Investigates Suspicious Password-Reset Wave Following X Money Rollout\" \/>\n<meta property=\"og:description\" content=\"X product engineer Mridul Singhai said on Sept. 1 the company is investigating a wave of unsolicited password-reset emails and verification codes, and has \u201cfound no evidence of any breaches\u201d. 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