Shocking! Hackers Control SEC Official Account, Fake Bitcoin ETF Post Causes Thousand-Dollar Surge, Main Culprit Sentenced to 14 Months in Prison!

A 26-year-old man teamed up to launch a stunning hacking case, using SIM card swapping to steal control of the regulatory agency's official account, releasing false Bitcoin ETF news that caused cryptocurrency prices to soar by a thousand dollars in an instant, only to then plummet by two thousand.

The incident exposed significant cybersecurity vulnerabilities within the regulatory agency, with internal reports having already warned of risks that were not rectified in a timely manner. The man involved pleaded guilty earlier this year, will serve 14 months in prison, and has been fined $50,000, along with three years of strict monitoring, prohibiting him from engaging in any identity fraud.

The investigation also revealed that he possessed a portable ID printer and forged documents, and actively searched for ways to evade federal capture, showcasing an alarming level of madness.

This case has shaken the market and sounded the alarm for digital asset security: even authoritative institutions are not immune to the claws of hackers, and investors must remain vigilant at all times!