Alabama man arrested in SEC hack that affected bitcoin value

Source: United Press International

“An Alabama man suspected of hacking the Securities and Exchange Commission’s X account in January was arrested Thursday morning in Athens, Ala. An indictment alleges that Eric Council Jr. unlawfully accessed the SEC’s account on X by using the stolen identity of a person who had access to the account to take over their cellphone number, Principal Deputy Assistant Attorney General Nicole M. Argentieri said in a statement. Argentieri said, ‘Council’s co-conspirators then allegedly used this unauthorized access to the X account to falsely announce that the SEC had approved listing bitcoin ETFs, which caused the price of bitcoin to rise by $1,000 and then fall by $2,000.'” (10/17/24)

https://www.upi.com/Top_News/US/2024/10/17/SEC-hack-suspect-arrested-Alabama/4531729192609/