Eric Council Jr., 26, was sentenced to 14 months in prison and three years of supervised release Friday for having participated in the hacking of the Official account X of the American Commission for Securities and Exchange.
The United States Ministry of Justice has announced the conviction A press release. The council and other hackers took over the X account in 2024 to wrongly announce that the agency had approved the funds exchanged in Bitcoin, or ETF, which increased the price of cryptocurrency before dropping later.
According to the DOJ, the council and its co-conspirators carried out an SIM exchange attack on the mobile phone account of a person who had access to the X account X, which allowed the pirates to take control of his phone number. From there, the pirates reset the password of the X account X, granting them control of the account.
