Eric Council was sentenced to 14 months for hacking the SEC's X account and posting a false Bitcoin ETF approval. This misinformation caused Bitcoin's price to spike and then plummet, highlighting vulnerabilities in federal cybersecurity.
The swift market reactions underscore the need for robust protective measures within cryptocurrency exchanges. Analysts predict increased scrutiny on cybersecurity protocols following this incident, which marked one of Bitcoin's largest price swings.
The situation calls for urgent upgrades to federal agency security systems to better protect against potential cyber threats.
Full story here: https://coincu.com/338029-hacker-sentenced-fake-bitcoin-etf
