An Alabama man, Eric Council Jr., was sentenced to prison for orchestrating a SIM swapping attack that took over the SEC’s official X account and posted fraudulent messages about Bitcoin. This cyberattack impacted the SEC and the cryptocurrency market #SEC #Cryptocurrency.
Keypoints
- The attacker used a SIM swapping attack to take control of the SEC’s X account.
- He created fake IDs and used social engineering to convince an AT&T employee to transfer the phone number.
- The fraudulent posts falsely announced Bitcoin ETF approval, causing market fluctuations.
- The FBI recovered fake IDs and evidence of the attack during a search of Council’s residence.
- He was sentenced to 14 months in prison, with additional fines and supervised release.
Read More: https://www.securityweek.com/prison-sentence-for-man-involved-in-sec-x-account-hack/