{"id":12330,"date":"2025-02-10T19:03:56","date_gmt":"2025-02-10T19:03:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12330"},"modified":"2025-02-10T19:03:56","modified_gmt":"2025-02-10T19:03:56","slug":"alabama-man-to-plead-guilty-in-bitcoin-focused-sec-x-account-hack","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12330","title":{"rendered":"Alabama Man to Plead Guilty in Bitcoin-Focused SEC X Account Hack"},"content":{"rendered":"<div>\n<p>Eric Council Jr., the Alabama man charged with hacking the X account of the U.S. Securities and Exchange Commission (SEC) to falsely post the agency had approved bitcoin exchange-traded funds, is set to plead guilty in the case.<\/p>\n<\/p>\n<p>A &#8220;Consent Order of Forfeiture,&#8221; filed in D.C. federal court shows Council has agreed to plead guilty to Conspiracy to Commit Aggravated Identity Theft and Access Device Fraud, and will forfeit $50,000 in proceeds from these offenses.<\/p>\n<\/p>\n<p>Council, according to the prosecution, used a fake ID to trick a phone store employee into helping him and co-conspirators access a device with access to the SEC\u2019s X account.<\/p>\n<\/p>\n<p>Judge Amy Berman Jackson has set Council&#8217;s sentencing for May 16. The case stems from the then highly anticipated SEC approval of spot bitcoin ETFs, with the security breach leading to a post shared on the agency\u2019s account one day before the actual approval.\n<\/p>\n<p>At the time, the approval of these funds was eagerly anticipated as these were widely expected to bring in significant flows from institutional investors. The false X post sent the price of bitcoin briefly surging.<\/p>\n<\/p>\n<p>The FBI <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/10\/17\/fbi-arrests-alleged-sec-hacker-linked-to-fake-tweet-saying-bitcoin-etfs-were-approved\" target=\"_blank\">arrested Council <\/a>in October for hijacking the SEC\u2019s X account.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eric Council Jr., the Alabama man charged with hacking the X account of the U.S. Securities and Exchange Commission (SEC) to falsely post the agency had approved bitcoin exchange-traded funds, is set to plead guilty in the case. A &#8220;Consent Order of Forfeiture,&#8221; filed in D.C. federal court shows Council has agreed to plead guilty [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12330","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12330"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12330\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}