4 months ago
Eric Council Jr., the Alabama antheral charged with hacking the X relationship of the U.S. Securities and Exchange Commission (SEC) to falsely station the bureau had approved bitcoin exchange-traded funds, is acceptable to plead blameworthy successful the case.
A "Consent Order of Forfeiture," filed successful D.C. national tribunal shows Council has agreed to plead blameworthy to Conspiracy to Commit Aggravated Identity Theft and Access Device Fraud, and volition forfeit $50,000 successful proceeds from these offenses.
Council, according to the prosecution, utilized a fake ID to instrumentality a telephone store worker into helping him and co-conspirators entree a instrumentality with entree to the SEC’s X account.
Judge Amy Berman Jackson has acceptable Council's sentencing for May 16. The lawsuit stems from the past highly anticipated SEC support of spot bitcoin ETFs, with the information breach starring to a station shared connected the agency’s relationship 1 time earlier the existent approval.
At the time, the support of these funds was eagerly anticipated arsenic these were wide expected to bring successful important flows from organization investors. The mendacious X station sent the terms of bitcoin concisely surging.
The FBI arrested Council in October for hijacking the SEC’s X account.
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