by: xpoolPosted on:

SEC X Hacker Faces 2-Year Prison Term for Crypto Market Manipulation

Eric Council Jr., the individual behind the SEC X account hack, is facing a potential two-year prison sentence. The incident led to significant market disruption and highlighted cybersecurity vulnerabilities in the cryptocurrency sector. Council’s guilty plea covers charges of conspiracy related to identity theft and access device fraud used for this breach. The case caused a temporary spike in Bitcoin prices due to a false ETF approval tweet, ultimately impacting the crypto market.

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