An Alabama man pleaded guilty to hacking the Securities and Exchange Commission’s X account and manipulating Bitcoin prices. Twenty-five-year-old Eric Council Jr. was admitted in a Washington, D.C. court to conspiring to commit identity theft and access device fraud. The post briefly sent Bitcoin’s price up $1,000 before falling $2,000 when the SEC denied the claim. Council allegedly made $50,000 from the scheme. He faces up to five years in prison, a $250,000 fine, and sentencing on May 16.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Alabama man pled guilty to hacking the Securities and Exchange Commission's
00:06ex-account and manipulating Bitcoin prices.
00:0925-year-old Eric Counsel Jr. admitted in Washington, D.C. court to conspiring to
00:15commit identity theft and access device fraud.
00:18The Post briefly sent Bitcoin's price up $1,000 before following $2,000
00:22when the SEC denied the claim.
00:24Counsel allegedly made $50,000 from the scheme.
00:28He faces up to five years in prison and a $250,000 fine and sentencing on May 16.
00:33For all things money, visit Benzinga.com slash GSTV.