Bitcoin Boomerang: Alabama Man Hacks SEC’s X Account, Sends Cryptocurrency on Wild Ride

Eric Council Jr. pled guilty to hacking the SEC’s X account using a SIM swapping attack. The fake Bitcoin announcement saw the cryptocurrency’s value soar temporarily, only to plummet after the truth emerged. Council now awaits sentencing, swapping tweets for prison sheets, and discovering that crime doesn’t pay—at least not in Bitcoin.

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Published: February 11, 2025 12:13 pmAdded: February 11, 2025 at 4:46 amAssembled by: The Editor
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Hot Take:

In a plot twist worthy of a Hollywood heist movie, an Alabama man hacked the SEC’s X account to give Bitcoin a brief boost, only to see it crash harder than a toddler post-candy binge. It’s safe to say that Eric Council Jr. won’t be winning any awards for “Most Subtle Criminal” anytime soon!

Key Points:

  • Eric Council Jr. pled guilty to hacking the SEC’s X account.
  • The account was used to post a fraudulent Bitcoin announcement.
  • Bitcoin’s value temporarily increased by over $1,000 due to the hack.
  • The hack was executed using a SIM swapping attack.
  • Council faces up to five years in prison for conspiracy charges.

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