ChainCatcher news, the U.S. Department of Justice (DOJ) said that the Federal Bureau of Investigation (FBI) arrested an Alabama man for his involvement in the January 2024 hacking attack on the U.S. Securities and Exchange Commission (SEC), which caused the price of Bitcoin to soar.

In January 2024, hackers published false news that the U.S. Securities and Exchange Commission (SEC) was expected to issue an announcement about Bitcoin, which caused the price of cryptocurrencies to soar. In a statement, an SEC spokesperson confirmed to The Guardian that the unauthorized posts on the @SECGov account "were not drafted or created by the SEC."