Eric Council Jr. de l’Alabama A guilty Be co-conspirator of the unauthorized takeover of the SECURITIES and EXCHANGE US commission Twitter account last year. In early January 2024, the Official X SEC account tweeted that the Bitcoin FNB had been approved "for registration on all national exchanges of securities recorded," But the president of the SEC, Gary Gensler, quickly announced that the agency’s account had been compromised. The Commission later revealed that it was the victim of an SIM exchange attack, although it also admitted that its account was not protected by multi-factory authentication. The council was the one who made the SIM exchange, according to the Ministry of Justice.
The advice used an identity card printer to create a false identifier that he then used to access a telephone number associated with the DC account. In a SIM exchange, the attacker generally asks an user operator to reassign a telephone number to a new SIM card that he controls. His co-conspirators, who paid the Bitcoin council, then changed the password from the dry account to control it before publishing the false news with a false quote from peopleler. As to know why the SEC account was protected by the MFA, the agency previously declared that it has asked X support staff to deactivate it last July, because it had problems with access to the account. But he remained disabled until the account was compromised.
The council, which was arrested in October, pleaded guilty of aggravated identity theft and access to fraud. He will be sentenced on May 16 and could incur up to five years in prison. The Ministry of Justice said Bitcoin had increased by $ 1,000 after the false announcement increased and then dropped by $ 2,000 when the SEC has corrected.
This article originally appeared on engadget to
