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The US Department of Justice announced yesterday that a man named Eric Council Jr. from Alabama has admitted to his involvement in the hijacking of the official X platform account of the US Securities and Exchange Commission (SEC) in January 2024, and he is facing a maximum of 5 years in prison.
The announcement stated that the hacker first used the victim's personal identity information (PII) provided by an accomplice to create a fake ID card in this case, and then used the fake ID card to illegally swap SIM cards to take control of the victim's phone number, and subsequently gained access to the SEC social media account.
The rest of the group eventually released false information on X platform in the name of the then SEC chairman, claiming that the SEC had approved the Bitcoin ETF. This caused a strong shock in the Bitcoin market: its price quickly rose by over $1000, and then fell by over $2000 after the SEC clarified. The hacker thus obtained