Hacker who stole US SEC X account to release Bitcoin spot ETF approved may face two years in prison

Odaily News The U.S. government has asked a federal judge to sentence Eric Council Jr. to two years in prison for helping to publish false information announcing the approval of a Bitcoin spot ETF through the U.S. Securities and Exchange Commission’s (SEC) account X.
In a May 12 filing with the U.S. District Court for the District of Columbia, prosecutors recommended that the judge sentence Council to two years in prison for posting a false message on social media platform X that the SEC had first approved a spot Bitcoin ETF in January 2024. The false statement shook the market about 24 hours before the SEC actually approved a spot Bitcoin ETF, ultimately leading to Council's arrest. (Cointelegraph)