Hacker who hijacked SEC’s X account pleads guilty, faces maximum five-year
sentence
therecord.media/hacker-hi…
The hacker responsible for breaking into the X account of the U.S. Securities
and Exchange Commission (SEC) and posting false information is facing a
maximum prison sentence of five years after pleading guilty on Monday.
Eric Council Jr., a 25-year-old native of Athens, Alabama, pleaded guilty to
conspiracy to commit aggravated identity theft and access device fraud. His
sentencing hearing is scheduled for May 16.
The SEC’s X account was taken over and used to share false information about
plans to approve exchange-traded funds (ETFs) that contain cryptocurrency like
bitcoin.
At the time of the incident, X confirmed that an investigation revealed that
the account compromise “was not due to any breach of X’s systems, but rather
due to an unidentified individual obtaining control over a phone number
associated with the @SECGov account through a third party.”
The X statement, which came from the site’s safety team, claimed the account
did not have two-factor authentication enabled, something disputed in the
indictment.