Jack Black
@jack-black
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The FBI has arrested a suspect in the hacking of the SEC's Twitter account, which published a fake announcement of the approval of the BTC-ETF
Eric Council Jr. from Athens, Alabama, was arrested in connection with the unauthorized seizure of the SEC's account on X (formerly Twitter) in January 2024. The hacker posted a fake message on behalf of the SEC chairman, which caused the bitcoin price to rise by $1,000.
Council is accused of conspiracy to steal personal data and fraud with access devices. The hacker gained control of the SEC's account through a "SIM swap" attack, in which fraudsters trick the provider into handing over control of the victim's phone to them.
After posting a fake tweet about the approval of the bitcoin ETF, the price of BTC rose by more than $1,000, and then fell by $2,000 after the SEC's rebuttal.
https://www.justice.gov/usao-dc/pr/fbi-arrests-alabama-man-january-2024-sec-x-hack-spiked-value-bitcoin 0 reply
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