Eric Council Jr. allegedly played a crucial role in hacking the SEC's social media account, leading to a significant spike in bitcoin's price.
Following the unauthorized announcement, SEC Chairman Gary Gensler clarified on social media that the commission had not approved any bitcoin ETFs.
Authorities report that Council employed a SIM swap technique to gain access to the SEC’s X account, indicating a sophisticated approach to the hack.
Council's online searches after the hack indicated awareness of potential legal repercussions, questioning how to identify if under investigation.
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