Bitcoin Blunder: Alabama Man’s SIM Swap Shenanigans Backfire
Eric Council Jr pleaded guilty to SIM swapping the SEC’s X account, causing Bitcoin to skyrocket before plummeting back to reality. His role involved using a fake ID to nab a SIM card and later returning the iPhone he used for cash. A modern twist on “crime doesn’t pay,” unless you count Bitcoin.
Hot Take:
When your get-rich-quick scheme involves impersonating the SEC, you might want to reconsider your life choices. Who knew a SIM card could be the key to a not-so-glamorous life of crime and a future as the star of your own courtroom drama?
Key Points:
- Eric Council Jr. pleads guilty to SIM swapping the SEC’s X account.
- The incident led to a temporary spike in Bitcoin’s price by over $1,000.
- SIM swapping is a method used to bypass SMS-based two-factor authentication.
- Council’s role was to gain unauthorized access through identity fraud.
- He faces charges including conspiracy to commit aggravated identity theft.
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