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FBI Arrests Hacker in SEC X Breach and Fake Bitcoin ETF Post That Triggered Price Surge

  • The FBI has arrested a hacker involved in breaching the SEC's social media account and posting a fake Bitcoin ETF announcement.
  • The hacker used a SIM swapping scheme to gain unauthorized access to the SEC's account.
  • The fraudulent post caused a brief surge in Bitcoin's price, followed by a drop once the hoax was revealed.
  • The arrest highlights the government's commitment to combating financial market manipulation and cybersecurity breaches.

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