Summary
- Eric Council Jr. admitted to hacking the SEC X account and posting false information related to Bitcoin.
- After the hacking incident, the SEC clarified that the post was false, and then actually announced the approval of a BTC spot ETF.
- The incident highlighted the potential impact of news regarding ETF approvals.
According to The Block, a cryptocurrency-focused media outlet, Eric Council Jr., the suspect who hacked the official X (formerly Twitter) account of the US Securities and Exchange Commission (SEC) last January, has pleaded guilty.
He was charged with identity theft and conspiracy to commit device fraud.
Previously, Eric Council Jr. hacked the SEC's official X account in January last year and posted a message about the approval of a Bitcoin (BTC) spot exchange-traded fund (ETF), which the SEC clarified as false information due to hacking.
A day later, the SEC actually announced the approval of a BTC spot ETF.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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