Unauthorized use of SEC X account to release Bitcoin spot ETF, approved hacker may face two years in prison

Odaily Planet Daily News: The US government has requested a federal judge to sentence Eric Council Jr. to two years in prison. Eric Council Jr. is the person who helped publish false information, which was announced through the X account of the US Securities and Exchange Commission (SEC) that a Bitcoin spot ETF had been approved. In a document submitted to the United States District Court for the District of Columbia on May 12th, prosecutors recommended that the judge sentence the Council to two years in prison for publishing false information on social media platform X claiming that the SEC had first approved a spot Bitcoin ETF in January 2024. The false statement shook the market approximately 24 hours before the SEC actually approved the spot Bitcoin ETF, ultimately leading to the Council's arrest. （Cointelegraph）