The prosecutor’s office wants a 24-month prison sentence for Eric Council Jr., who pleaded guilty about taking over the account at X SEC in 2024. When he took over the profile, he published on it false news about the fact that SEC approved ETFs BTC.
SECOND EC. He will go for 2 years behind bars?
The US prosecutor’s office asked the federal judge with a request to convince Eric Council Jr. In two years in prison. He was a man who broke in in 2024 into the SEC account on X and published on him false news about the creation of ETFs Bitcoin Spot. At that time it was not true – the decision to create funds was made a day later. The post then caused a temporary break of the BTC course.
The case is dealt with by the US District Court for the Colombia District and Judge Amy Berman Jackson.
(Eric Council Jr.) deserves a prison sentence (…). The accused benefited from the sophisticated fraud covering forged identity documents (…) and sending codes for resetting passwords to internet accounts of victims to co -conspirators located in the United States and abroad. Such behavior deserves a significant punishment.
– the prosecutor’s office said.
Until May 12, the legal team of the Council did not answer the recommendation on the judgment. The accused is to appear before the jackson judge on May 16.
Council pleaded guilty – he said he was part of the group that took control of the account on the X SEC. This was done using the SIM Swap attack. Having control over the account of the financial market regulator in social media, hackers published false messages, announcing the approval of BTC ETFs. Sec quickly deleted the message.
ETFs were created and so
The situation is a bit tragicomic, because the day after the SEC attack, it approved the conclusions of the creation of BTC ETFs. It was enough for the criminals to wait a day and would get the same effect on the chart, which they generated for a moment with a hacker attack. Now at least one of them can pay for it with a prison.
