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Home » FBI arrests suspect in hacking of US SEC’s account on platform X

FBI arrests suspect in hacking of US SEC’s account on platform X

Council Jr., 25, of Athens, Alabama, was arrested on Thursday morning

by NWMNewsDesk
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An Alabama man was arrested on Thursday over criminal charges that he hacked the U.S. Securities and Exchange Commission’s X account earlier this year, in an action that caused bitcoin’s value to spike, federal prosecutors announced.

In January, a hacker posted false news about a widely anticipated announcement the SEC was expected to make about Bitcoin, shocking the market and sending the cryptocurrency’s price spiking.

The post on @SECGov said the securities regulator had approved exchange-traded funds to hold bitcoin. The SEC deleted the post shortly after it appeared.

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Eric Council Jr., 25, of Athens, Alabama, was arrested on Thursday morning in connection with the hack, the U.S. Attorney’s Office for the District of Columbia said in a statement on Thursday.

The SEC did not immediately respond to a request for comment about Thursday’s arrest.

The agency previously said it was the victim of “SIM swapping,” a technique used by fraudsters to seize control of telephone lines, when its account on the social media platform X, formerly known as Twitter, was hacked earlier in January.

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