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US Authorities Arrest Man Responsible for Fake SEC Bitcoin ETF Approval Tweet

  • The FBI has arrested a man responsible for posting a fake tweet claiming SEC approval of Bitcoin ETFs.
  • Eric Council, aged 25, has been charged with conspiracy to commit identity theft and access device fraud.
  • Council gained control of the SEC's account through a SIM swap attack and posted the fake announcement.
  • He received payment in Bitcoin from co-conspirators and is scheduled to appear in court.

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