According to reports from Wu, the U.S. Department of Justice announced that Eric Council Jr., a man from Alabama, was sentenced to 14 months in prison and three years of supervised release for participating in SIM card swapping and hijacking the SEC's official X account to publish false news about Bitcoin ETF approval. This false news once pushed the BTC price up by over $1,000, but then quickly fell by more than $2,000. Council obtained control of the SEC account through SIM card swapping and forged identity information, and was rewarded with BTC for doing so.
Alabama man sentenced for hijacking SEC account to publish false news
--・
AI Summary
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
105,051
+1.76%
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
@Binance_News