Federal prosecutors are planning to supply a plea deal to Eric Council Jr., an Alabama man accused of involvement in a high-profile hack of the U.S. Securities and Trade Fee’s official X account, previously often called Twitter.
This incident was a type of social engineering the place a faux message was posted regarding the approval of Bitcoin ETFs and quickly influenced the cryptocurrency market. Council, who was additionally charged however entered a not responsible plea, has different expenses together with conspiracy to commit aggravated id theft and entry system fraud.
US SEC Twitter Hack Suspect Set To Obtain Plea Deal
Throughout a listening to in Washington federal court docket, Assistant U.S. Legal professional Kevin Rosenberg introduced that prosecutors plan on persevering with the provide of a plea deal to Council.
”We’ll lengthen a plea,” Rosenberg informed U.S. District Choose Amy Berman Jackson saying, “I do not know if will probably be accepted or not.” Ought to the Council conform to the plea deal, Council’s help would possibly assist federal authorities to determine and prosecute different individuals allegedly engaged within the hacking conspiracy.
The prosecution has additionally said that Council was not working on his personal and that he was instructed by different individuals who had a substantial half in organizing and finishing up the assault. These co-conspirators, it’s alleged, focused the sufferer, an worker of the US SEC, and labored with Council to make use of a way often called SIM swapping to penetrate the safety measures put in place to guard the SEC’s social media account.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Identified for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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