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 Exchange Commission’s official X account, previously generally known as Twitter.
This incident was a type of social engineering the place a pretend message was posted regarding the approval of Bitcoin ETFs and briefly influenced the cryptocurrency market. Council, who was additionally charged however entered a not responsible plea, has different costs together with conspiracy to commit aggravated identification theft and entry system fraud.
US SEC Twitter Hack Suspect Set To Receive Plea Deal
During a listening to in Washington federal court docket, Assistant U.S. Attorney Kevin Rosenberg introduced that prosecutors plan on persevering with the supply of a plea deal to Council.
”We will lengthen a plea,” Rosenberg instructed U.S. District Judge Amy Berman Jackson saying, “I have no idea if it will be accepted or not.” Should the Council conform to the plea deal, Council’s help may assist federal authorities to establish 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 method generally known as 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. Known 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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