Jailed for 14 Months: Hacker Behind Shocking Fake Bitcoin ETF Scandal Exposed!

Criptomoeda

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SEC’s HACKER GETS 14 MONTHS FOR EPIC SIM SWAP SCAM!

Confessions of a Crypto Con! ๐Ÿšจ

Meet Eric Council Jr., a 26-year-old mastermind from Athens, Alabama, now facing 14 months behind bars for his role in the audacious SIM swap attack that rocked the SEC’s X account! This isn’t just a techy tale; it’s a dramatic saga of deception, greed, and a wild ride through the world of cryptocurrency! ๐Ÿ’ฐ

The INCREDIBLE Heist! ๐Ÿ’ฅ

On January 9, 2024, Council donned a fake ID and slipped into an AT&T store like a thief in the night. With a cunning smile, he swiped a SIM card linked to the SECโ€™s phone numberโ€”setting the stage for chaos! ๐Ÿš€

Once in possession of that golden ticket, Council activated a new iPhone and started rolling in the password reset codes for the SECโ€™s X account. His partners swooped in, using those magical codes to unleash a FALSE announcement claiming the SEC had approved Bitcoin ETFs. ๐Ÿค‘

Bitcoin Bubbles BURST! ๐Ÿ“‰

Within MINUTES, Bitcoin’s price skyrocketed by over $1,000, only to nosedive by more than $2,000 once the SEC clarified the hoax! ๐ŸŒ€ Talk about a rollercoaster ride! Just one day before the SEC’s legitimate ETF announcement, Council’s plot sent shockwaves through the market!

Justice is Sweet! โš–๏ธ

Arrested last October, Council didnโ€™t write the bogus post, but he was the puppet master pulling the strings. Prosecutors painted a dark picture of a man "brazenly" using SIM-swapping and identity theft to rig the Bitcoin market for profit. FBI agents were furious: โ€œThis is a wake-up call! Digital fraudsters will be exposed!โ€ ๐Ÿ’ช

Lost in the Underworld! ๐Ÿšจ

As if one scam wasnโ€™t enough, investigators uncovered Councilโ€™s depths of deceit! A treasure trove of equipment including a portable ID printer and a laptop loaded with FORGED DOCUMENT templates? Unbelievable! ๐Ÿ˜ฑ Interviews revealed he even searched online for โ€œSECGOV hackโ€ and โ€œwhat are some signs that the FBI is after you.โ€

THE FINAL STRAW! ๐ŸŽญ

Council pled guilty to conspiracy to commit aggravated identity theft and will forfeit $50,000โ€”the exact sum he scampered away with. His life now includes three years of supervised releaseโ€”NO more sneaky cyber games! ๐Ÿ•ต๏ธโ€โ™‚๏ธ

And if you think the drama ends here, think again! The massive SEC breach has thrown the agency’s cybersecurity DEFENSES into question. A chilling report from last December revealed their systems "not effectiveโ€ and in desperate need of a makeover! ๐Ÿ”ฅ

Donโ€™t miss out on the latest twists in this gripping tale of greed, manipulation, and cyber chaos! Stay tuned for more shocking updates!

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Source: USD @ Sun, 18 May.