A 25-year-old man from Athens, Alabama, named Eric Council Jr., was arrested by the FBI for hacking the SEC's official X account in January. Council Jr. faces charges of conspiracy to commit aggravated identity theft and access device fraud. He was part of a group that posted a fake message claiming the SEC had approved the first Bitcoin ETFs, causing BTC's price to spike. The hacker used a SIM swap attack to gain control of the SEC account. Council Jr. obtained personal information from a victim, produced a fake ID, and acquired a SIM card to access the victim's phone. He then passed access codes to his co-conspirators in exchange for Bitcoin. The FBI found evidence of his internet searches related to the hack and investigation. Council Jr. is accused of unlawfully accessing the SEC account, leading to the approval of 11 Bitcoin ETFs on Wall Street. Read more AI-generated news on: https://app.chaingpt.org/news

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