👨‍💻 Hacker who breached SEC account in January 2024 pleads guilty

🦅 Eric Council Jr. used a SIM-swap attack and forged documents to gain access to the regulator’s X account and publish a fake post announcing the approval of a Bitcoin ETF.

The false post triggered a $1,000 surge in Bitcoin’s price, followed by a $2,000 drop after the SEC issued a denial. Council allegedly profited around $50,000 from the incident and is now awaiting sentencing on May 16.

⚖️ Prosecutors are seeking a 2-year prison sentence, emphasizing how dangerous the impact of disinformation can be on financial markets.#TradeLessons #NewsTrade #TrumpTariffs