FBI arrests Alabama man behind SEC social media hack and phony spot bitcoin ETF post
Quick Take Eric Council Jr., 25, was charged with “conspiracy to commit aggravated identity theft and access device fraud.” The SEC’s X account was compromised earlier this year after a post was put out that falsely said spot bitcoin ETFs had been approved.
An Alabama man was arrested on Thursday morning after prosecutors said he was behind the hack of the U.S. Securities and Exchange Commission's social media account that posted a fake announcement about spot bitcoin exchange-traded funds being approved.
Eric Council Jr., 25, was charged with "conspiracy to commit aggravated identity theft and access device fraud," according to a statement released by the U.S. Attorney's Office in the District of Columbia.
The SEC's X account was compromised in January ahead of spot bitcoin ETFs being approved by the agency.
This is a developing story.
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