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US man who hacked SEC’s X account to spike Bitcoin price sentenced to prison
The Department of Justice announced Eric Council Jr. was sentenced to 14 months in prison for the hack.
Council and other hackers took over the SEC’s X account in 2024 to falsely announce that the agency had approved Bitcoin exchange traded funds, or ETFs, which shot up the price of the cryptocurrency before later dropping. A screenshot of the fake SEC post published by hackers who took over control of the @SECGov X account on January 9, 2024.According to the DOJ, Council and his co-conspirators performed a SIM swap attack against the cellphone account of a person who had access to the SEC’s X account, which allowed the hackers to take control of their phone number. TechCrunch Space Every Monday, gets you up to speed on the latest advances in aerospace.
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