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

Odaily Planet Daily News The U.S. government has asked a federal judge to sentence Eric Council Jr. to two years in prison. Eric Council Jr. is the person who helped publish false information, which was announced through the X account of the U.S. Securities and Exchange Commission (SEC) that the Bitcoin spot ETF was approved. In a document filed with the U.S. District Court for the District of Columbia on May 12, prosecutors recommended that the judge sentence Council to two years in prison for posting false news on the social media platform X that the SEC had first approved the spot Bitcoin ETF in January 2024. The false statement shook the market about 24 hours before the SEC actually approved the spot Bitcoin ETF, which ultimately led to Council's arrest. (Cointelegraph)