According to Foresight News, the U.S. Department of Justice announced that a judge has sentenced an Alabama man to 14 months in prison followed by three years of supervised release. This sentence is due to his involvement in the January 2024 hacking of the U.S. Securities and Exchange Commission's X account. The hacked account was used to send a tweet that temporarily caused Bitcoin's price to surge by over $1,000.
Previously, Foresight News reported that on January 10, 2024, the official SEC X account was compromised. The hackers impersonated the SEC and falsely announced the approval of a Bitcoin ETF, leading to the brief spike in Bitcoin's value.
