Eric Council Jr. has been sentenced to 14 months in prison for hacking the SEC's X account through a SIM swap attack.
Council conspired with others to obtain a SIM card tied to the SEC's @SECGov account, leading to a false post about Bitcoin ETF approval.
Prosecutors stated that Council played a crucial role in enabling the scheme, contributing to rapid market fluctuations in Bitcoin's price.
Despite pleading guilty to conspiracy to commit aggravated identity theft, Council's lawyer argued for leniency due to his lack of criminal history and mental health struggles.