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Alabama Man Gets 14 Months for Hacking SEC's X Account With SIM-Swap Scheme

  • Eric Council Jr. From Alabama was sentenced today to 14 months in prison for hacking the SEC's X account in January 2024.
  • Council used a SIM swap attack to access an SEC employee's phone, which controlled the organization's social media account.
  • The hack involved posting a false tweet about Bitcoin ETF approval, causing Bitcoin's price to rise over $1,000 and market disruption.
  • In February, Council pled guilty to conspiracy to commit aggravated identity theft, agreed to forfeit $50,000, and faces three years of supervised release, as US Attorney Jeanine Pirro warned that those involved in such crimes face inevitable detection, prosecution, and consequences.
  • The sentencing underlines risks SIM swap schemes pose to financial security and markets and signals ongoing government efforts to punish such cybercrimes.
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TokenPost broke the news in on Friday, May 16, 2025.
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