Arrest made in SEC hack resulting in bitcoin price spike
- An Alabama man was arrested by FBI agents for his alleged role in a January 9 hack of the SEC's X account, which caused Bitcoin's price to spike by over $1,000.
- Eric Council Jr. Faces charges of conspiracy to commit aggravated identity theft and access device fraud in U.S. District Court for the Northern District of Alabama.
- Prosecutors claim Council used a SIM swap attack to gain access to the SEC's X account and then shared access codes for a fraudulent tweet.
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