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187 Man Who Hijacked SEC's X Account To Pump Bitcoin Faces Up To 5 Years In Prison

Slashdot
BeauHD @ Slashdot · 02/12/2025 05:00 EDT

Man Who Hijacked SEC's X Account To Pump Bitcoin Faces Up To 5 Years In Prison

Eric Council Jr. pleaded guilty to identity theft and access device fraud after hijacking the SEC's X account to falsely announce Bitcoin ETF approval. He was compensated in Bitcoin by co-conspirators, and while the Justice Department continues its investigation, Council faces up to five years in prison. Gizmodo reports: According to the Justice Department, Council accessed the SEC's account using an attack called SIM swapping, in which a perpetrator uses social engineering to trick a phone carrier's custom

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