Alabama Man Pleads Guilty to SEC X Account Hack
- Eric Council Jr., 25, pled guilty to hacking the SEC’s X account.
- The hack involved a false announcement of Bitcoin ETF approval.
- The incident caused Bitcoin’s price to rise by over $1,000 and then fall by more than $2,000.
- Council used an unauthorized SIM swap for the hack.
- He faces up to five years in prison and will be sentenced in May.
Eric Council Jr. admitted to hacking the SEC’s X account, causing significant Bitcoin price fluctuations. He faces a potential five-year prison sentence for his actions.
Source (2.6)https://dailyhodl.com/2025/02/12/man-pleads-guilty-to-hacking-official-sec-x-account-and-falsely-claiming-regulator-had-approved-bitcoin-etfs/?rand=59076
