Eric Council, Jr. will spend two years in prison for an identity theft scheme that led to a false post by the SEC on X that bitcoin ETFs had been approved.

Alabama hacker pleads guilty to SEC X account breach, fueling Bitcoin ETF misinformation. The case exposes social media’s vulnerability to market manipulation, urging stricter cybersecurity measures.

Eric Council Jr. from Alabama has pleaded guilty to being a co-conspirator in the unauthorized takeover of the US Securities and Exchange Commission's Twitter account last year. In early January 2024,

An Alabama man on Monday pleaded guilty to hacking into the Securities and Exchange Committee's social media account and posting a false message in January 2024.