According to Wu Shuo, the U.S. Department of Justice announced that Eric Council Jr., an Alabama man, was sentenced to 14 months in prison and three years of supervised release for participating in SIM card swaps and hijacking the SEC's official X account to publish false Bitcoin ETF approval news. The false news once pushed the BTC price up by more than $1,000, and then quickly fell by more than $2,000. Council obtained control of the SEC account by swapping SIM cards and forging identity information, and was rewarded with BTC.

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