The Federal Bureau of Investigation (FBI) reported that it arrested Eric Council Jr., a 25-year-old Alabama man accused of hacking the SEC’s X account.
According to the US government’s statement, Council seized the account and transferred it to his accomplices. These people also sent out a fake tweet claiming that bitcoin ETFs were approved.
Following the post on January 9 from the SEC’s However, after the SEC took back the account and deleted the tweet, the value of the cryptocurrency dropped by $ 2,000.
ETFs were approved the day after the event.
Eric Council Jr., the FBI reported. He received a payment in bitcoin for this operation.