A 25-year-old Alabama man has been arrested by the FBI for his alleged role in the takeover of the Securities and Exchange Commission’s X account earlier this year. The hack resulted in a rogue tweet that falsely claimed bitcoin ETFs had been approved by the regulator, which temporarily juiced bitcoin prices.
Now, the FBI has identified Eric Council Jr. as one of the people allegedly behind the exploit. Council was charged with conspiracy to commit aggravated identity theft and access device fraud, according to the Justice Department. While the SEC had previously confirmed that its
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