Eric Council Jr., the individual accused of hacking the US Securities and Exchange Commission's account to falsely announce Bitcoin ETF approval, has pleaded not guilty. Council Jr. entered his plea in a DC court on Oct. 25, denying charges of conspiracy to commit identity theft and fraud. He was part of a group that hacked the SEC's account in January, posting a fake approval of spot Bitcoin ETFs. Council Jr. was arrested on Oct. 17 in Alabama, with prosecutors planning to offer him a plea deal. The group allegedly used a SIM swap attack to access the SEC's account, which lacked two-factor authentication. The fake announcement caused a BTC price surge before being debunked by SEC Chair Gary Gensler. The SEC later officially approved spot Bitcoin ETFs. The case is being overseen by Judge Jackson, who is also handling the SEC's lawsuit against Binance for alleged securities violations. Read more AI-generated news on: https://app.chaingpt.org/news

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