US man who hacked SEC’s X account to spike Bitcoin price sentenced to prison
Eric Council Jr., 26, was sentenced to 14 months in prison and three years of supervised release on Friday for participating in the hack of the official X account of the U.S. Securities and Exchange Commission.
The U.S. Department of Justice announced the sentencing in a press release. Council and other hackers took over the SEC’s X account in 2024 to falsely announce that the agency had approved Bitcoin exchange traded funds, or ETFs, which shot up the price of the cryptocurrency before later dropping.
According to the DOJ, Council and his co-conspirators performed a SIM swap attack against the cellphone account of a person who had access to the SEC’s X account, which allowed the hackers to take control of their phone number. From there, the hackers reset the password of the SEC’s X account, granting them control of the account.
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German police have confiscated 50,000 bitcoin worth $2.17 billion in the country's 'most extensive' cryptocurrency seizure ever, it said in a statement on Tuesday.
"This is the most extensive seizure of bitcoins by law enforcement authorities in the Federal Republic of Germany to date," police in the city of Dresden said.
The investigation was supported by the Federal Criminal Police Office (BKA), the FBI and a Munich-based forensic IT expert company, it said.
The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, "was compromised," the regulator told CoinDesk.
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DGA is one of the classic techniques for botnets to hide their C2s, attacker
only needs to selectively register a very small number of C2 domains, while for
the defenders, it is difficult to determine in advance which domain names will
be generated and registered.
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