Hacker Jailed for Triggering $3,000 Bitcoin Swing in SEC X Account Breach
Key Takeaways: The hacker, Eric Council Jr., was sentenced to 14 months in prison and forfeited $50,000. A hacker exploited a SIM swap to hijack the SEC’s X account, posting fake Bitcoin ETF approval. The false post temporarily caused Bitcoin to surge over $1,000 before crashing $2,000. A shocking cyber breach involving the U.S. Securities … Read more