Arrest made in SEC hack resulting in bitcoin price spike
- An Alabama man named Eric Council Jr. Was arrested for his alleged involvement in a hacking incident on the SEC's X account, as reported by the Department of Justice.
- The hack occurred on January 9 and led to a spike in Bitcoin's price by over $1,000 due to a fake tweet from the SEC's chairman, Gary Gensler.
- Council is facing charges including conspiracy to commit aggravated identity theft and accessed a device fraud.
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