The Federal Bureau of Investigation (FBI) announced on Thursday that it had arrested and charged a man with taking over the Securities and Exchange Commission’s (SEC) Twitter (also known as X) account for what the agency said was a premature tweet in January. Approved Bitcoin ETF. This false statement immediately caused the price of Bitcoin to skyrocket.
Eric Council Jr. of Athens, Alabama, was arrested Thursday and charged with the crime, which authorities said used “SIM swapping” techniques to hijack phone numbers and ultimately gain unauthorized access to the SEC’s Twitter account. claims to have done so. . Bitcoin’s price soared by more than $1,000 soon after, only to plummet by $2,000 when the announcement was denied.
“These SIM swapping schemes, in which fraudsters trick service providers into giving them control of unsuspecting victims’ mobile phones, result in devastating financial losses for victims and compromise sensitive personal information. This could lead to the disclosure of information and personal information,” U.S. Attorney Matthew Graves said in a statement. Here, the co-conspirators allegedly used illegal access to phones to manipulate financial markets, and through these prosecutions, we will hold accountable those who committed these serious crimes. I will. ”
Editor’s note: This article is breaking and will be updated with additional details.
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