FBI arrests suspect in hacking of US SEC's account on platform X --[Reported by Umva mag]

WASHINGTON — An Alabama man was arrested on Thursday over criminal charges that he hacked the U.S. Securities and Exchange Commission's X account earlier this year, in an action that caused bitcoin's value to spike, federal prosecutors announced. In January, a hacker posted false news about a widely anticipated announcement the SEC was expected to make about bitcoin, shocking the market and sending the cryptocurrency's price spiking. The post on @SECGov said the securities regulator had approved exchange-traded funds to hold bitcoin. The SEC deleted the post shortly after it appeared. Eric Council Jr., 25, of Athens, Alabama, was arrested on Thursday morning in connection with the hack, the U.S. Attorney's office for the District of Columbia said in a statement on Thursday. The SEC did not immediately respond to a request for comment about Thursday's arrest. The agency previously said it was the victim of "SIM swapping," a technique used by fraudsters to seize control of telephone lines, when its account on the social media platform X, formerly known as Twitter, was hacked earlier in January.

Oct 17, 2024 - 17:36

FBI arrests suspect in hacking of US SEC's account on platform X --[Reported by Umva mag]

WASHINGTON — An Alabama man was arrested on Thursday over criminal charges that he hacked the U.S. Securities and Exchange Commission's X account earlier this year, in an action that caused bitcoin's value to spike, federal prosecutors announced. In January, a hacker posted false news about a widely anticipated announcement the SEC was expected to make about bitcoin, shocking the market and sending the cryptocurrency's price spiking. The post on @SECGov said the securities regulator had approved exchange-traded funds to hold bitcoin. The SEC deleted the post shortly after it appeared. Eric Council Jr., 25, of Athens, Alabama, was arrested on Thursday morning in connection with the hack, the U.S. Attorney's office for the District of Columbia said in a statement on Thursday. The SEC did not immediately respond to a request for comment about Thursday's arrest. The agency previously said it was the victim of "SIM swapping," a technique used by fraudsters to seize control of telephone lines, when its account on the social media platform X, formerly known as Twitter, was hacked earlier in January.

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.

FBI arrests suspect in hacking of US SEC's account on platform X --[Reported by Umva mag]

Tags:

Related Posts

Popular Posts