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Just In: Alabama Man Pleads Guilty in US SEC X Account Bitcoin ETF Hack, Here’s All

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Summary
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56% Informative

Eric Council Jr has pleaded guilty to charges related to the January 2024 SEC Bitcoin ETF hack.

The 25-year-old Alabama man has admitted to his role in the hacking of the U.S. Securities and Exchange Commission’s ( SEC ) X account.

The cyberattack led to a false announcement about Bitcoin exchange-traded funds (ETFs), causing a brief price surge.

The official approval of the Bitcoin ETFs came a day later .

VR Score

31

Informative language

15

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28

Article tone

formal

Language

English

Language complexity

55

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possibly offensive

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short-lived

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