Bitcoin: Alleged hacker Googled 'signs the FBI is after you'

Published On Oct 18, 2024, 6:08 AM

A man named Eric Council Jr was arrested for allegedly participating in a hack of the U.S. Securities and Exchange Commission's X account. The hackers posted false information about Bitcoin being approved for mainstream investment, causing a significant temporary surge in its price. Following this incident, the SEC has taken the necessary security steps to prevent future breaches. Council is charged with identity theft and fraud, and if convicted, he could face up to five years in prison.

Read full article

Stock Forecasts

GBTCView GBTC chart on TradingView

Negative

The SEC's response to strengthen its security protocols and the ongoing investigations into the hack may attract negative sentiment in the short term for stocks associated with cryptocurrency or digital asset management, as concerns about regulatory risks and cybersecurity may weigh heavily on these firms.

Related News

SEC commissioner confesses its crypto approach has fueled 'disaster for the whole industry'

Oct 10, 2024, 10:05 AM

SEC Commissioner Mark Uyeda says Crypto.com's recent lawsuit against the agency is part of a broader frustration with the lack of interpretive guidance for cryptocurrency.

COIN
GBTC

The Downfall of FTX’s Ryan Salame and Crypto Advocate Michelle Bond

Oct 10, 2024, 5:00 AM

Ryan Salame, an FTX executive, and Michelle Bond, a crypto policy advocate, were once a Washington power couple. Now they both face prison time.

GBTC

Private-equity mogul Orlando Bravo reveals what asset Thoma Bravo will never touch again | Fox Business Video

Thoma Bravo Founder and Managing Partner Orlando Bravo has the latest on the investment into the crypto exchange on 'The Claman Countdown.'

GBTC
VGT