Eric Council Jr. from Alabama has pleaded guilty to being a co-conspirator in the unauthorized takeover of the US Securities and Exchange Commission's Twitter account last year. In early January 2024,

The man faces a maximum penalty of five years in prison.

An Alabama man pleaded guilty to participating in the hack of the US Securities and Exchange Commission’s X account that involved sending a fake social media post announcing the authorization of the first-ever spot Bitcoin exchange-traded funds.

Eric Council admitted guilt in helping to hack the SEC’s X account and trying to mislead the market about spot Bitcoin ETF approvals.

Alabama hacker pleads guilty to SEC X account breach, fueling Bitcoin ETF misinformation. The case exposes social media’s vulnerability to market manipulation, urging stricter cybersecurity measures.

The evidence collected by the Federal Bureau of Investigation included an online search: “What are the signs that you are under investigation by law enforcement or the FBI even if you have not been contacted by them.

The man, Eric Council Jr., used a fake ID to gain access to a device with SEC account credentials. The account was then used to falsely say spot bitcoin ETFs had been approved..

Today, an Alabama man pleaded guilty to hijacking the U.S. Securities and Exchange Commission (SEC) account on X in a January 2024 SIM swapping attack.

An Alabama man on Monday pleaded guilty to hacking into the Securities and Exchange Committee's social media account and posting a false message in January 2024.