Alabama Man Sentenced for Hacking SEC Account to Manipulate Bitcoin
- Eric Council Jr., a 26-year-old from Alabama, was sentenced to 14 months in prison.
- The hacking incident involved the SEC’s official X account.
- Council and accomplices used SIM-swapping to gain control of the account on January 9th, 2024.
- A fake post was made claiming SEC approval of Bitcoin ETFs to manipulate BTC prices.
Eric Council Jr. received a 14-month prison sentence for his role in hacking the SEC’s X account and manipulating Bitcoin prices through fraudulent posts about ETF approvals.
Source (2.6)https://dailyhodl.com/2025/05/18/mastermind-behind-sec-sim-swapping-scheme-sentenced-to-14-months-in-prison-for-manipulating-bitcoin-price/?rand=59076
