Eric Council Jr. pleaded guilty to aiding the hack of the SEC account on X (formerly Twitter), which led to a fake announcement about the launch of the first Bitcoin ETF in the US. As a result of this message, the price of Bitcoin sharply increased and then crashed. Under the plea deal with the prosecution, Council may be fined up to $50,000. He admitted to aggravated identity theft and device fraud. The court hearing is scheduled for May 16, 2025.
2/11/2025 8:03:30 AM (GMT+1)
Eric Council Jr. pleaded guilty to aiding the hack of the SEC account on X, causing the fake announcement about the first Bitcoin ETF in the US. Fine up to $50,000, court scheduled for May 16, 2025 ⚖️
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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