So a bit of a strongly worded title. I'm going to nitpick for a second. First you need the device-id, second you need the code that will be sent via text. The code sent via text is 6 digits meaning 10^6 == 1MM permutations. He shows how he can enumerate these using 1K IP's ultimately bruteforcing the reset code. The Device ID is still not captured although I'm guessing they allow handwaving via a malicious app or som…
Instagram had a limit on the number of times that the user could guess the code, but they had a race condition that let the limit be bypassed. The fix is for them to fix the race condition.