Alabama Man Jailed for Hacking SEC’s X Account in Bitcoin ETF Scam
The U.S. Department of Justice has sentenced an Alabama man to 14 months in prison plus 3 years of supervised release for his role in the January 2024 hack of the SEC’s official X (Twitter) account.
🔹 The Hack: In January 2024, attackers compromised the SEC’s account and falsely announced the approval of a Bitcoin ETF, causing BTC to briefly surge by $1,000+.
🔹 Impact: The fake tweet created market volatility before the SEC officially confirmed the breach.
This case highlights the risks of social media exploits in crypto markets. Stay vigilant! �
