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Eric Council Jr., 26, was punished to 14 months behind bars and three years of monitored launch on Friday for participating in the hack of the official X account of the U.S. Securities and Exchange Commission.
The United State Division of Justice revealed the sentencing in a press release. Council and numerous different cyberpunks took management of the SEC’s X account in 2024 to wrongly introduce that the corporate had truly accepted Bitcoin alternate traded funds, or ETFs, which skyrocketed the price of the cryptocurrency up to now in a while happening.
In response to the DOJ, Council and his accomplices did a SIM swap strike versus the cell phone account of a person that had accessibility to the SEC’s X account, which permitted the cyberpunks to take management of their phone quantity. From there, the cyberpunks reset the password of the SEC’s X account, offering them management of the account.
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