Summary
- Eric Council Jr. was sentenced to 14 months in prison for posting a false article about Bitcoin ETF approval by hacking the SEC's official account.
- The SEC account hacking incident suggested that it could have a significant impact on investors.
- The prosecution sought a 2-year sentence for Council Jr., but the actual sentence of 14 months reflects the seriousness of the hacking incident.
According to cryptocurrency specialist media Cointelegraph on the 16th (local time), Eric Council Jr., who hacked the official X (formerly Twitter) account of the U.S. Securities and Exchange Commission (SEC) last January and posted a false article about the approval of a Bitcoin (BTC) spot exchange-traded fund (ETF), was sentenced to 14 months in prison by the Washington federal court.
Previously, Eric Council Jr.'s side requested a sentence of 1 year and 1 day, while the U.S. prosecution sought a 2-year sentence.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
