The hacker of the SEC X account theft case was sentenced to 14 months in prison.

GateUser-6433627c · 2025-05-17T02:02:35+00:00

On May 17 this year, the hacker involved in the SEC X account theft case was sentenced to 14 months in prison. The hacker used the SEC account to publish false Bitcoin ETF approval announcements, taking control of the SEC's X account. The hacker confessed to identity theft, and the final accomplice paid a Bitcoin worth 50,000 USD as a reward.

GateUser-6433627c

2025-05-17 02:02:35

Abstract generation in progress

On May 17, this Friday, the hacker behind the “SEC X account theft case” from earlier this year was sentenced to 14 months in prison. The man had falsely claimed that the SEC had approved a Spot Bitcoin ETF using the SEC account in January this year (the SEC released the actual approval announcement less than 24 hours later). 26-year-old Eric Council pleaded guilty to conspiracy to commit identity theft in February this year. Court documents revealed that the identity involved belonged to a U.S. Securities and Exchange Commission (SEC) employee named “CL,” who had access to the agency’s X account. Council admitted to impersonating CL to take control of their phone number, thereby gaining control over the SEC’s X account. His accomplice ultimately paid him Bitcoin and other Crypto Assets worth $50,000.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.