🚨 Eric Council Jr. from Alabama has pleaded guilty to a SIM swap attack that targeted the SEC's social media accounts in January 2024! 📱 Council manipulated the market by posting false information about the approval of Bitcoin ETF options, causing a brief surge in Bitcoin's price before the SEC regained control and clarified the situation. Using a fake ID, he tricked an employee to access the victim's phone, which controlled the SEC's X account. The announcement led to a temporary spike in Bitcoin, but the SEC's swift action erased those gains. This plea wraps up an investigation that began when the SEC revealed it was a victim of a SIM swap attack, leading to Council's arrest in October. ⚖️ The incident has prompted the SEC to enhance its security policies, re-enabling multi-factor authentication for all its social media accounts. What are your thoughts on this cybercrime and its impact on the crypto market? Let us know!