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SEC X Account Hacker Sentenced to 14 Months for Fake Bitcoin ETF Tweet

  • 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.

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