A federal judge penalized Eric Council Jr., one of the individuals responsible for posting a fake message expressing the approval of the regulation of funds exchanged by the Bitcoin exchange, up to 14 months in prison.
Following a May 16 hearing in the US District Court for Columbia District, the Department of Justice announced That council will serve 14 months in prison after seeking a sin in a number of conspiracy to make an exploited identity theft and access to device fraud. He was part of a team that compromised the X Account of the US Securities and Exchange Commission (SEC) in January 2024 and said the regulation that body approved the area of Bitcoin (Btc) Etfs.
The prosecutors asked the judge to impose a two -year sentence, while council’s lawyers requested one year and a day. Court films show that he gained about $ 50,000 through SIM swap attacks such as one who compromised the SEC’s X account -the funds were likely to be subject to forfeiture.
This is a story development, and further information will be added as it is available.
