Summary: A 25-year-old man from Alabama, Joseph Council, was arrested for hacking the US Securities and Exchange Commission’s X account, where he posted false information about bitcoin ETFs. The breach occurred through a SIM swap attack, leading to a temporary takeover of the SEC’s account.
Threat Actor: Joseph Council | Joseph Council
Key Point :
- Joseph Council used multiple online aliases to execute the hack on January 9, 2024.
- The unauthorized post misled the public by claiming SEC approval of bitcoin ETFs.
- The SEC quickly regained control and issued a correction regarding the false statement.
- The attack was facilitated by a SIM swap technique, compromising mobile carrier systems.
Original Source: https://www.justice.gov/usao-dc/pr/fbi-arrests-alabama-man-january-2024-sec-x-hack-spiked-value-bitcoin
Cyber Law and Cybercrime Investigation Blog: Immuniweb