#SECHack

FBI arrest Alabama man suspected of hacking SEC’s X account

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October 17, 2024 at 02:22PM Eric Council, a 25-year-old from Alabama, was arrested for allegedly hacking the SEC’s X account using a SIM-swap attack, resulting in a fake announcement about Bitcoin ETF approvals. The scheme caused Bitcoin’s price to fluctuate dramatically. Council faces charges of conspiracy and identity theft, with a potential five-year prison sentence. … Read more

Bitcoin Prices Spike After SEC X Account Hack

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January 10, 2024 at 03:11PM The SEC’s Twitter account was hacked, leading to a fraudulent post about ETF approval. The SEC launched an investigation, confirming the compromise was due to an unknown individual gaining control of a phone number associated with the account. The incident caused a 5% increase in Bitcoin’s price and underscored the … Read more