Alabama Man Arrested for SEC Hack
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access device fraudCNBC
•FBI arrests Alabama man for SEC X hack that sent bitcoin price higher
70% Informative
Eric Council Jr. , 25 , is charged with conspiracy to commit aggravated identity theft and access device fraud.
A fake tweet posted on the SEC account that day sent the price of bitcoin spiking by more than $1,000 .
A day after the hack, the SEC approved rule changes that allowed the creation of bitcoin ETFs in the United States .
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