PANews reported on October 17 that the U.S. Department of Justice (DOJ) announced that the Federal Bureau of Investigation (FBI) arrested an Alabama man who was accused of participating in the January 2024 SEC X hack, which caused the value of Bitcoin to rise sharply. It is reported that the hackers used the incident to illegally profit and manipulate the market.

It is reported that the Alabama man who was suspected of attacking the SEC through SIM swapping in January 2024 had searched for "SECGOV hack", "how to determine if you are being investigated by the FBI" and "signs of being investigated by law enforcement or the FBI when not notified" on Google after the hack.