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Reading: He turned the day into a nightmare for crypto currencies, now he’s being tried
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EdaFace Newsfeed > Latest News > Security & Hacks > He turned the day into a nightmare for crypto currencies, now he’s being tried
Security & Hacks

He turned the day into a nightmare for crypto currencies, now he’s being tried

vitalclick
Last updated: February 10, 2025 7:19 pm
3 months ago
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SelectionWe had a day like a nightmare in which the X account of X was hacked and ETF approval was given. Investors suffered serious losses that day. The legal process continues for the perpetrator who was arrested on October 17th. 25 -year -old Eric Council adopted the charges at the United States Columbia Region Regional Court today.

Hack Case Crypto CoinsSIM SWAP attacks

Hack Case Crypto Coins

Eric Council, who was arrested on October 17, 2024, adopted the crime of conspiracy to make aggravated identity theft at the United States Columbia Region Regional Court today. The confession was announced by Antoinette T. Bacon, General Inspector Deborah Jeffrey and FBI Washington Field Office, Crime and Cyber ​​Department, a special agent Sean Ryan, the General Inspector of SEC.

Cyber ​​attacker is sentenced to up to 5 years, imprisoned for up to 3 years and is prosecuted for $ 250,000. The sentence will be announced on May 16, 2025.



SIM SWAP attacks

SIM SWAP With the attack, banks and social media accounts can be easily captured. Council and offenses seized the mobile phone number associated with the @Secgov X account, the official account of the SEC on 9 January 2024 or around this date. In the announcement of the Ministry of Justice, the following details include;

“The Council used a physical identity using the portable identity card printer and used it to take on the identity of the victim in a At & T store in Alabama. Council gave the wrong information to the AT&T store employee to explain why he needs a reserve SIM card. Council received a SIM card connected to the victim’s phone line and bought a new iPhone to use it in a crime to go to an near Apple store. He put on the SIM card to activate the phone, received the @Secgov X password reset codes from this new phone connected to the victim’s SIM card, and used his personal mobile phone to take a photo of the @secgov X account reset code to share with his criminal partners. After conveying the password reset codes, Council went to Alabama and returned the iPhone immediately in exchange for cash.

Using a member of a member of the caliper, he provided access to @Secgov X account and on behalf of the SEC President of the period Bitcoin (BTC) $97,831.4 The Stock Exchange Investment Funds (ETFs) released a false post that incorrectly announces that the SEC was approved. After the shipment, the price of BTC increased. And then fell faster. “



Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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