Financial Crime Weekly: Man Pleads Guilty To Hacking SEC Social Media Account, Two Plead Guilty In $577 Million Crypto Fraud Scheme

Man Pleads Guilty To Hacking SEC Social Media Account

The U.S. Department of Justice on Monday announced that Eric Council pleaded guilty to conspiracy to commit aggravated identity theft in a federal court in Washington, D.C.. Council is accused of hacking the SEC’s X account and posting a fake Bitcoin exchange-traded fund approval message. 

The Details: According to court documents, Council and other conspirators gained control of the SEC’s X account through an unauthorized Subscriber Identity Module (SIM) swap, a process of fraudulently reassigning a cell phone number from the legitimate subscriber or user’s SIM card to a SIM card controlled …

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