Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Michael Saylor Advocates Bitcoin as Foundation of Crypto Economy

    Michael Saylor Advocates Bitcoin as Ultimate Reserve Asset

    Bitcoin Exchange Balances Drop to Six-Year Low

    Bitcoin Exchange Balances Drop to Six-Year Low

    Vivek Ramaswamy Proposes Bitcoin Education in Ohio Schools

    Ohio Candidate Ramaswamy Proposes Bitcoin Education Reform

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    SharpLink Gaming Purchases 1,989 Ethereum Worth $4.82 Million

    SharpLink Gaming Acquires 1,989 Ethereum via OTC Purchase

    Polygon Leads in USDC Active User Growth

    Polygon Takes Lead in USDC User Growth

    Sei Network Transactions Triple in Recent Quarter Surge

    Sei Network Sees Surge in Transactions and TVL

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Eric Council Jr. Sentenced in SEC Hack Case

Solomon M. by Solomon M.
May 17, 2025
in Latest News
Key Takeaways:
  • Sentence to 14 months for SEC X account hack.
  • Caused Bitcoin market manipulation.
  • Highlighted cybersecurity vulnerabilities in financial sectors.
eric-council-jr-sentenced-in-sec-hack-case
Eric Council Jr. Sentenced in SEC Hack Case

In Washington D.C., Eric Council Jr. was sentenced to 14 months in prison for hacking the SEC’s X account in a 2024 SIM swap attack.

Council’s sentencing emphasizes the risks associated with cybersecurity breaches in financial sectors, undermining market stability. Immediate reactions showed market sensitivity to misinformation spread via compromised regulatory channels.

Eric Council Jr., a 25-year-old from Alabama, was sentenced for his role in hacking the SEC’s X account. He and others executed a SIM swap attack to manipulate the cryptocurrency market. The SEC’s account was used to falsely announce Bitcoin ETF approvals, spiking Bitcoin’s price rapidly.

“This case underscores the serious consequences of cyber attacks that can manipulate financial markets.” — U.S. Attorney’s Office for the District of Columbia

The U.S. Department of Justice emphasized serious consequences for such cybercrimes. Council will also serve three years of supervised release post-incarceration. The attack revealed vulnerabilities, exploiting cellphone service and high-value account access tools. Regulatory bodies face mounting pressures to safeguard against similar breaches in future.

Bitcoin’s value was directly impacted by the hack. Cryptocurrency markets experienced volatility due to the misinformation, reflecting susceptibility to fraudulent announcements. This case reiterates the necessity for enforced security measures within financial and regulatory frameworks. The incident shed light on the evolving tactics used in cyber attacks. Federal authorities have signaled increased surveillance to prevent future market manipulations, underscoring the ongoing battle against cybercrime in the financial sphere. Historical precedents suggest a continual adaptation in cybersecurity strategies is essential.
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Eric Council Jr. Sentenced for SEC Account Hack

Next Post

Eric Council Jr. Sentenced for SIM Swap SEC Hack

Solomon M.

Solomon M.

Related Posts

SharpLink Gaming Acquires $4.82 Million in Ethereum

by Solomon M.
June 29, 2025

SharpLink Gaming purchases 1,989 ETH for $4.82 million, bolstering its crypto treasury.

SharpLink Gaming Acquires 1,989 Ethereum Worth $4.82 Million

by Solomon M.
June 29, 2025

SharpLink Gaming expands Ethereum holdings with a $4.82 million purchase, reinforcing its digital asset strategy.

IRS Sends 758% More Crypto Warning Letters

by Solomon M.
June 29, 2025

IRS issues 758% more crypto letters, impacting thousands of U.S. investors. Details inside.

Polygon Leads Surge in USDC User Growth

by Solomon M.
June 29, 2025

Polygon emerges as leader in USDC user growth, impacting market position.

Senate Approves Key Vote on Trump’s Legislative Bill

by Joshua T.
June 29, 2025

The U.S. Senate has passed a crucial procedural vote on President Trump's major legislative bill, impacting cryptocurrency markets and stablecoin...

Senate Passes Trump’s Key Bill Amid Close Vote

by Solomon M.
June 29, 2025

Senate advances Trump's crucial bill; focus on tax, defense, immigration impacts.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.