A hacker who used the SEC's X account to announce the approval of a Bitcoin spot ETF may face two years in prison

2025-05-13 08:28:20

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ChainCatcher news, according to Cointelegraph, the U.S. government has requested a federal judge to sentence Eric Council Jr. to two years in prison. Eric Council Jr. is the person who helped disseminate false information, which was announced through the U.S. Securities and Exchange Commission (SEC)'s X account regarding the approval of a Bitcoin spot ETF.

In documents submitted to 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 information on the social media platform X, claiming that the SEC had approved a spot Bitcoin ETF for the first time in January 2024. This false statement shook the market approximately 24 hours before the SEC actually approved the spot Bitcoin ETF, ultimately leading to Council's arrest.

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U.S. SEC Bitcoin spot ETF hacker

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