Alabama man charged with hacking SEC's X account, causing bitcoin to soar with fake post
Briefly

from New York Post4 months ago
The Securities and Exchange Commission's X account was hacked to post false information about an SEC decision on bitcoin exchange-traded funds, leading to a market shock.
New York Posthttps://nypost.com/2024/10/17/business/alabama-man-charged-with-hacking-secs-x-account-causing-bitcoin-to-soar-with-fake-post/
The hacker's false tweet claimed that the SEC approved bitcoin exchange-traded funds, a rumor that dramatically swayed the cryptocurrency's value on the market.
New York Posthttps://nypost.com/2024/10/17/business/alabama-man-charged-with-hacking-secs-x-account-causing-bitcoin-to-soar-with-fake-post/
Eric Council Jr., a 25-year-old man from Alabama, was arrested for his alleged role in hacking the SEC's account, causing significant market disruption.
New York Posthttps://nypost.com/2024/10/17/business/alabama-man-charged-with-hacking-secs-x-account-causing-bitcoin-to-soar-with-fake-post/
The SEC clarified that they fell victim to SIM swapping, a method used by hackers to gain control of phone lines, facilitating the breach.
New York Posthttps://nypost.com/2024/10/17/business/alabama-man-charged-with-hacking-secs-x-account-causing-bitcoin-to-soar-with-fake-post/
Read at New York Post
#cybersecurity #bitcoin #hacking #securities-and-exchange-commission #cryptocurrency-market
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