SIM Swap Hacker Faces Potential 2-Year Sentence for SEC X Account Breach

Eric Council Jr., facing potential imprisonment for two years, is accused of orchestrating a SIM swap attack on the U.S. Securities and Exchange Commission’s (SEC) official Twitter account in January 2024. This malicious act led to a fabricated announcement falsely claiming the SEC approved a spot Bitcoin ETF. The resulting market chaos resulted in a significant price fluctuation, causing billions in losses for investors.