Alabama Man’s Bitcoin Scheme: Jail Time for SEC Account Hack Shenanigans
In an audacious plot worthy of a Hollywood script, Eric Council Jr. took over the US SEC’s X account, sending Bitcoin prices on a wild rollercoaster. Using a fake ID and an iPhone, he spread false Bitcoin news, pocketing $50,000. Now, he’s trading his iPhone for prison bars. Crime doesn’t SIM to pay!
Hot Take:
When life gives you lemons, make lemonade. But when life gives you a portable ID card printer and a penchant for chaos, maybe don’t hack the SEC’s social media account. Just a thought, Eric ‘Ronin’ Council Jr.!
Key Points:
- Eric Council Jr., a 26-year-old from Alabama, was sentenced for hacking the SEC’s official X account.
- The hack involved a SIM swapping attack facilitated by a fake ID.
- Fraudulent posts about Bitcoin on the SEC’s account led to temporary market fluctuations.
- The FBI found evidence at Council’s residence, including templates for more fake IDs.
- Council received $50,000 for the hacking operation and will serve 14 months in prison.
Already a member? Log in here