๐Ÿšจ Crypto News Flash! ๐Ÿšจ

Eric Council Jr., 25, from Alabama, was arrested for hacking the SEC's X account in January 2024. Using a SIM swap attack, Council falsely announced Bitcoin ETF approvals, causing BTC to spike by $1,000 before crashing by $2,000. He's charged with identity theft and fraud.

- SIM swapping: Attackers trick carriers to hijack phone numbers.

- Council used fake IDs to access the SEC's account.

- FBI warns of the financial risks of SIM swapping.

What are your thoughts on SIM swapping and market manipulation? Drop your comments below! โฌ‡๏ธ