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.
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