25-year-old Eric Council Jr. from Alabama arrested for hacking SEC Twitter, causing Bitcoin surge with false ETF approval tweet.

Eric Council Jr., a 25-year-old from Alabama, was arrested by the FBI for allegedly hacking the U.S. Securities and Exchange Commission's Twitter account in January. The hack resulted in a false tweet claiming the SEC approved Bitcoin ETFs, causing Bitcoin's value to surge over $1,000. Council faces charges of conspiracy to commit aggravated identity theft and access device fraud, having used a SIM swap technique to gain access to the account.

October 17, 2024
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