Judge sentences SEC hacker to 14 months in prison ⚖️
A federal judge sentenced Eric Council Jr. to 14 months in prison for his role in hacking the U.S. SEC's X account. This hack involved posting a false message claiming regulatory approval for spot Bitcoin ETFs, spiking Bitcoin values temporarily.
The Justice Department confirmed the sentence following Council's guilty plea to conspiracy to commit aggravated identity theft and access device fraud. The group responsible for the hack earned approximately $50,000 through SIM swap attacks, with funds likely subject to forfeiture.
Prosecutors sought a two-year sentence, whereas Council's defense recommended a lighter sentence of one year and one day.
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