According to Odaily Planet Daily, the U.S. Department of Justice announced that Eric Council Jr., the hacker who attacked the U.S. SEC X account, was arrested by the FBI. The hacker took over the SEC X account without authorization in January 2024 and released false news, causing the BTC price to surge by $1,000.

After the SEC regained control of the account, it confirmed that the announcement was unauthorized and the result of a security breach. The price of BTC subsequently fell by more than $2,000. Eric Council Jr. has been indicted on charges of conspiracy to commit aggravated identity theft and access device fraud, the indictment was released today.