JAILED

🚨🇺🇸ALABAMA MAN #JAILED FOR HACKING SEC TWITTER TO MANIPULATE BITCOIN PRICE

🔹Eric Council Jr. sentenced to 14 months in prison for SIM-swapping SEC’s X #account

🔹Falsely announced Bitcoin ETF approval, spiking BTC over $1,000 before crashing $2,000

🔹Gained access by forging ID at AT&T store on January 9, 2024

🔹Earned $50,000 in illegal profits, also linked to other SIM-swap attacks

🔹Faces $50,000 forfeiture and 3 years supervised release, barred from dark web

🔹DOJ emphasizes strict action against market manipulation via cybercrime

🚨FATHER-SON DUO #JAILED IN $12M CRYPTO SCAM

🔹Eugene “Hugh” Austin Jr. sentenced to 18 years in prison for defrauding 2 dozen+ victims

🔹Scam promised passive crypto income, raising $12M from friends, family, and investors

🔹Funds used for lavish lifestyle, not investments — incl. luxury hotels & a 2022 Jaguar SUV

🔹Son Brandon Austin earlier got 4 years; Dad also owes $12.66M restitution

#CryptoScam #Fraud #DOJ #LongIsland

-The Block$ETH $BTC