Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
A 26 -year -old Alabama man was sentenced to more than a year in prison for his role in hacking in social media who briefly sent the Bitcoins Award
rising.
Eric Council Jr. From Huntsville, he confessed to the Hack Hack accused in January 2024 by the US Securities and Banning Commission Commission, according to the US Department of Justice of the Ministry of Justice, USA Press release.
Pricking as a telecommunications customer using a fraudulent ID, the advice used and SIM-SWAP Technology to kidnap phone number linked to SEC account. His conspirators then did not use it for false publication that the agency approved funds traded on the exchange of bitcoins (ETF), the long -awaited regulatory milestone.
Within minutes, the price of bitcoins increased by more than $ 1,000. Soon thereafter, it crashed and lost a value of more than $ 2,000 once the post was revealed as fake. Sec did later that month Approve the start of Bitcoin ETFS Spot.
The authorities claim that the Council was paid for his role in bitcoins. It will serve 14 months in prison, followed by three years of release under supervision.
Federal prosecutors called the attack calculated to manipulate financial markets. “The deliberate takeover of the official communication platform of the Federal agency was a calculated crime that was supposed to deceive the public and manipulate the financial markets,” said the reigning FBI director Darren Cox. “By layout of false information that affects the markets, the Council tried to disrupt the public confidence and use the financial system”
