Steps to reproduce:
Result: it's possible to reset via SMS because we don't delete the mobile number when 2FA is disabled.
With 2FA disabled (and no recovery SMS number set) password resets should be done via email only.
/hat tip @vortfu for the report (internal ref: p14908088198266170-triage)
Code ref: /trunk/wp-content/mu-plugins/account-recovery.php?r=152585#991
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Thanks! 馃檹
bump
In progress: d10756-code
I have had this issue come up again, and it's causing worse problems. When a user has a stuck 2FA code like this, they're unable to use the password reset link as it will send an SMS to the old number, as well.
Steps to reproduce:
The Lost Password form will send an SMS and ask the user for the code which, if they no longer have that phone, they won't be able to access.
@GeoJunkie A reset email is also sent to the user, and is mentioned on the SMS form (albeit not in the most obvious text):

Fixed in r171829-wpcom.
Most helpful comment
@GeoJunkie A reset email is also sent to the user, and is mentioned on the SMS form (albeit not in the most obvious text):