"Massive Security Hole in ChunkHost. Non-2FA accounts can be owned."
Because it turns out anyone with a Sendgrid Support account also effectively had potential access to any account at ChunkHost not using two-factor authentication. Which is also true of thousands of other companies that are relaying their password reset emails through third party SMTP services.
SendGrid seems lame, for allowing this and for their response promising to yell more loudly at their support people, but they're an SMTP relay service not an authentication service.