Eric Council Jr., one of the individuals responsible for posting fake announcements about the approval of a Bitcoin spot ETF, has been sentenced to 14 months in prison. After a hearing on May 16 at the District Court of Columbia, the U.S. Department of Justice announced that Council would serve 14 months after pleading guilty to charges related to serious identity theft conspiracy and access device fraud. Council's team hacked into the SEC's X account in January 2024, releasing false information about the approval of the Bitcoin ETF.
Prosecutors recommended a two-year sentence, while the Council's lawyer requested one year and one day. Court records show he earned about $50,000 through SIM swapping attacks, causing an incident with the SEC's X account. This amount may be subject to forfeiture.
This story is still developing, and information will be updated as soon as possible. The content provides market information and does not constitute investment advice.
Source: https://tintucbitcoin.com/hacker-sec-bi-phat-14-thang-tu-bai-hoc-dat-gia/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!
