Hacker Pleads Guilty in Crypto-Related SEC X Account Breach

Quick Summary:

A recent guilty plea in a high-profile hacking case has drawn attention to vulnerabilities in online account security and the ripple effects they can have on cryptocurrency markets.

By impersonating the SEC and fabricating an approval announcement, the conspirators were able to manipulate crypto market sentiment and drive a temporary price surge.

The DoJ revealed that Council has pleaded guilty in federal court to one count of conspiracy to commit aggravated identity theft.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryGeorgiaUnited States

Topics: Crypto Fraud Crypto Market SEC Crypto hack Crypto Crypto Bust US SEC Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 08:30:16 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26100810

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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