Eric Council Jr., accused of hacking the SEC's X account, conducted online searches indicating awareness of investigations, including queries about signs of federal scrutiny.
The hack led to a false SEC post about Bitcoin being approved for investment, causing a price surge of approximately $1,000 before plummeting by $2,000 once the news was debunked.
Despite the chaos caused by the SEC hack, the regulatory body eventually authorized Bitcoin in mainstream investment through spot Bitcoin exchange-traded funds, highlighting a significant policy shift.
Using aliases like Ronin and Easymunny, Council's online activities included researching federal identity theft laws and sim swap procedures, showcasing the preparedness behind his alleged actions.
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