Bitcoin Market Manipulation Leads to Arrest of Alabama Man in SEC Account Hack

The US Securities and Exchange Commission (SEC) faced a security challenge earlier this year after its X (formerly Twitter) account was hacked in an alleged attempt to manipulate the Bitcoin market.

The incident has led to the arrest of Eric Council Jr., an Alabama man who now faces up to five years in prison for conspiracy to commit access device fraud and aggravated identity theft.

Coordinated Conspiracy to Takeover SEC’s X Account

The 25-year-old’s alleged scheme artificially manipulated