Bitcoin Boondoggle: Alabama Man’s Hijack Hack Sends Crypto on Wild Ride
In a twist of irony, an Alabama man pulled off a SIM swapping attack to hijack the SEC’s X account, posting a fake Bitcoin ETF approval announcement. The resulting chaos sent Bitcoin prices on a rollercoaster ride. Eric Council Jr. now faces five years in prison for this ill-fated digital heist.
Hot Take:
In the world of cybersecurity, there’s always a new twist in the plot. This time, an Alabama man took the phrase “phone takeover” a bit too literally, leading to a rollercoaster ride for Bitcoin investors. The moral of the story? If you’re going to play the role of a digital criminal mastermind, make sure your Google search history doesn’t scream “I’m guilty, FBI!”
Key Points:
- Eric Council Jr. pleaded guilty to hijacking an SEC account through a SIM swapping attack.
- The hijack led to a fake announcement about Bitcoin ETFs, causing a brief market frenzy.
- Council received $50,000 in Bitcoin from co-conspirators for his hacking efforts.
- He used a fake ID to impersonate a victim and gain access to the SEC’s account.
- Council faces up to five years in prison for his cyber escapades.
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