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Briefly
- The Alabama man who helped SIM to replace the phone tied to the DIC X account, received a 14-month prison sentence.
- After receiving access to the account, his executioners published a false Bitcoin ETF approval, which led to an increase in BTC’s price.
- Eric Council Jr. From Athens, Alabama, he previously declared himself guilty of conspiracy to commit a difficult identity theft.
A man in Alabama who helped last year hack the account of the Securities and Exchange Commission’s account to falsely publish approval Bitcoin ETFS received a 14-month prison sentence on Friday.
Eric Council Jr. from Athens, Alabama earlier confessed guilty conspiracy to commit a worse identity theft because of his role in the attack of SIM SIM -A January 2024.
The Council, which also goes towards “Ronin” and “Agianantschnazer”, used the printer printing cards to create a false ID, which was then used to ensure a replacement SIM card for a telephone number attached to @Secg’s account on x (earlier Twitter).
Using a replacement SIM, the Council has been able to obtain reset access codes for the X account of the regulator, ultimately sharing with the co-authorists who falsely published the approval of the Bitcoin ETF, manipulating the price of BTC in the process.
In June 2024, in accordance with the search order, the FBI found a laptop in which the Council that contains internet searches for phrases such as: “How can I know if I was investigated by the FBI?” and “What are some signs that are the FBI after you?”
He was eventually arrested in October last year.
AND Fake tweet approval He led to a short increase in Bitcoin’s price, but withdrew even steeply as SEC President Gary Gensler confirmed that the regulator account had been hacked.
The day after the incident, January 10, SEC officially announced the Bitcoin ETF approvalallowing products to trade in the United States. Bitcoin’s price has since doubled, and now trades in the amount of $ 103,876.
On top of the prison prison, he was ordered to take away $ 50,000 and will have three years of supervised release, with a condition that he cannot “approach a dark network or commit further identity fraud.”
“The schemes of this nature are threatening the health and integrity of our market system,” US lawyer Jeanine Pirro said in a statement. “SIM Schemes Swap threatens the financial security of average citizens, financial institutions and government agencies. Don’t be fooled that you don’t think you can catch you. You will be caught, prosecuted and you will pay the price for the damage created by your actions.”
Edited Andrew Hayward
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