Alabama Man to Plead Guilty in SEC X Account Hack
- Eric Council Jr. is charged with hacking the SEC’s X account.
- Council will plead guilty to Conspiracy to Commit Aggravated Identity Theft and Access Device Fraud.
- He will forfeit $50,000 in proceeds from these offenses.
- The hack falsely announced SEC approval of bitcoin exchange-traded funds.
- Judge Amy Berman Jackson has set sentencing for May 16.
Eric Council Jr. is set to plead guilty to charges related to hacking the SEC’s X account, resulting in a false announcement about bitcoin ETFs. He will forfeit $50,000 and face sentencing on May 16.
Source (2.6)https://www.coindesk.com/policy/2025/02/10/alabama-man-to-plead-guilty-in-bitcoin-focused-sec-x-account-hack?rand=52298
