Eric Council Jr. pulled off a major SIM-swap hack, hijacking the SEC’s official X (formerly Twitter) account to spread false news about Bitcoin ETF approval.
This fake announcement led to a $1,000 Bitcoin price spike and millions in liquidations. He tried to profit from the sudden jump but was quickly caught by the authorities.
Now, he faces fraud and identity theft charges. The hack revealed weak security measures at the SEC, as their account lacked two-factor authentication, adding to the chaos
