The FBI arrested Eric Council Jr. who used the SEC's X account to post a fake BTC ETF approval in January, causing a price surge.

To carry out this scheme, Council is accused of creating a fake ID using the information belonging to the person in control of the SEC’s X account. He then allegedly tricked AT&T into providing a SIM card with the victim’s phone number and install it into a new iPhone he purchased.

WASHINGTON (Reuters) -A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission's X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said.

An Alabama man was charged with hacking into the US Securities and Exchange Commission’s X account in January and issuing a fake post about approval of a Bitcoin exchange traded fund.

X account @SECGov and a message was posted that the agency had approved bitcoin exchange-traded funds for listing on national exchanges. The po

The price of bitcoin briefly spiked more than $1,000 after the post claimed “The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.”

An Alabama man has been arrested for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Departme

An Alabama man suspected of hacking the Securities and Exchange Commission's X account in January was arrested Thursday morning in Athens, Ala.

Prosecutors said Eric Council was part of a SIM-swapping scheme that granted him access to the SEC’s social-media account.

By Douglas Gillison, Chris Prentice, Sarah N. Lynch WASHINGTON (Reuters) -A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission's X account earlier this year as part of an alleged conspiracy to manipulate bitcoin prices,