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Alabama Hacker Pleads Guilty to SEC Twitter Fraud

2/11/2025

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Summary

Story summary

Eric Council Jr. from Alabama will plead guilty to hacking the SEC's X account.
He faces charges for Conspiracy to Commit Aggravated Identity Theft and Access Device Fraud.
Council will forfeit $50,000 following his October arrest by the FBI.
His actions led to a false post about bitcoin ETF approval, temporarily increasing bitcoin's price.
Sentencing is set for May 16.

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Story summary

Eric Council Jr. from Alabama will plead guilty to hacking the SEC's X account.
He faces charges for Conspiracy to Commit Aggravated Identity Theft and Access Device Fraud.
Council will forfeit $50,000 following his October arrest by the FBI.
His actions led to a false post about bitcoin ETF approval, temporarily increasing bitcoin's price.
Sentencing is set for May 16.