A 25-year-old Alabama man has been arrested for allegedly hacking into the U.S. Securities and Exchange Commission's X account to make an announcement that led to a spike in the price of bitcoin, the Justice Department said.
Eric Council Jr. of Athens is accused of conspiring with others in January to break into the SEC's account to prematurely announce in the name of SEC Chairman Gary Gensler that bitcoin Exchange Traded Funds have been approved - a decision that had been anticipated for months.
