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In a dramatic dawn raid on Thursday, federal agents apprehended a 25-year-old man hailing from Alabama, a pivotal figure in a nefarious scheme that culminated in a substantial breach of the Securities and Exchange Commission\u2019s X account back in January. This cyber intrusion not only rattled the financial world but also sent the price of bitcoin soaring by more than $1,000, as revealed by the Department of Justice.<\/p>\n
The individual, identified as Eric Council Jr., faces serious allegations, including conspiracy to commit aggravated identity theft and the fraudulent use of access devices, according to the DOJ’s statements.<\/p>\n
Council allegedly collaborated with unidentified accomplices to orchestrate a brazen hack, issuing a deceptive tweet purportedly from the SEC’s chairman on January 9. The message declared, \u201cToday the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges,\u201d igniting a fervor in the cryptocurrency markets.<\/p>\n
As the story unfolds, stay tuned for breaking updates as this high-stakes cybercrime case develops.
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