A man from Alabama has promised to hacking the American Securities and Exchange Commissions (SEC) X account last year and is in prison for five years.
In January 2024, Eric Council Jr., 25, tangled with others to order the X account of the SEC and to announce the approval of Spot Bitcoin (BTC) Exchange-Traded Funds (ETF) in the US, according to the Department of Justice (Doj (Doj).
The fake -ATF announcement ensured that the price of Bitcoin increased by more than $ 1,000 and then fell by more than $ 2,000 after the SEC regained his X account and stated that the statement was not authorized and the result of an infringement on The security. The Bitcoin ETFs regulator for the regulator rightly after the security incident.
The DOJ claims that the Council carried out the hack via an unauthorized SIM -Wap, where a mobile telephone carrier is fraudulently persuaded to re -assign the contact number of another to a SIM card that is controlled by a bad actor.
The Council was paid in Bitcoin to use the stolen identity of a person who had access to the X account of the SEC, and then the Doj claims that his fellow samensmen have made the fraudulent function.
The Alabama man promised guilty to conspire for aggravated identity theft and access furnishing fraud and is planned to be convicted in May. He is confronted with a maximum of five years in prison.
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