Man pleads guilty to role in SEC social media account hack that led the price of bitcoin to spike
- An Alabama man, Eric Council Jr., pleaded guilty to hacking the U.S. Securities and Exchange Commission's X account, causing Bitcoin's value to temporarily rise by over $1,000.
- Council's actions involved a fraudulent SIM swap and impersonation of a victim to gain access to the SEC's account.
- After the SEC regained control, they confirmed the post was false, leading to a decline in Bitcoin's value by more than $2,000.
- Council faces up to five years in federal prison, with sentencing scheduled for May 16, 2025, according to the Department of Justice.
39 Articles
39 Articles
Man from Alabama pleads guilty over SEC's fake bitcoin post on X
Eric Council Jr. from Alabama has pleaded guilty to being a co-conspirator in the unauthorized takeover of the US Securities and Exchange Commission's Twitter account last year. The DOJ says he was the one who carried out the SIM swapping that made the takeover possible.


Alabama man hacked Securities and Exchange Commission’s X account, tanked Bitcoin’s value
An Alabama man pleaded guilty Monday to the 2024 hack of the U.S. Securities and Exchange Commission’s X account which temporarily caused the Bitcoin value to sharply drop.Eric Council Jr., a 25-year-old Athens man, pleaded guilty to conspiracy to commit aggravated identity and access device fraud.
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