Man from Alabama pleads guilty over SEC's fake bitcoin post on X
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, SEC's official X account tweeted that bitcoin ETFs had been approved "for listing on all registered national securities exchanges," but SEC Chair Gary Gensler quickly announced that the agency's account was compromised. The commission later revealed that it was the victim of a SIM swapping attack, though it also admitted that it account wasn't protected by multi-factor authentication. Council was the one who carried out the SIM swap, according to the Department of Justice. <br /> Council used an ID card printer to create a fake ID that he then used to gain [...]
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