The US Department of Justice (DOJ) has announced that the Federal Bureau of Investigation (FBI) has arrested an Alabama man for his involvement in the January 2024 hacking attack on the US Securities and Exchange Commission (SEC), which led to a surge in Bitcoin prices. In January 2024, hackers released false news claiming that the US Securities and Exchange Commission (SEC) was expected to issue a notice regarding Bitcoin, which led to a surge in cryptocurrency prices. An SEC spokesperson confirmed to The Guardian in a statement that the unauthorized posts on @ SECGov account were not drafted or created by the SEC. @seungwooooooo

wow, can't believe they caught the guy! crazy how one false post can shake up the whole crypto market. hope they tighten up security after this!