# Hacker Arrested for Posting Fake SEC Tweet That Caused Bitcoin Price Surge! 💰

**URL:** <https://onehack.st/t/hacker-arrested-for-posting-fake-sec-tweet-that-caused-bitcoin-price-surge/293967>\
**Category:** News & Articles\
**Tags:** tools, hacking, phone, trading\
**Created:** [October 18, 2024, 11:06pm UTC](https://onehack.st/t/hacker-arrested-for-posting-fake-sec-tweet-that-caused-bitcoin-price-surge/293967 "2024-10-18T23:06:50Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [October 18, 2024, 11:06pm UTC](https://onehack.st/t/hacker-arrested-for-posting-fake-sec-tweet-that-caused-bitcoin-price-surge/293967/1 "2024-10-18T23:06:50Z")

</div>

**Summary:**

1. **Arrest by the FBI**  
The **FBI** has arrested **Eric Council Jr.** , a 25-year-old from Alabama, for allegedly hacking the **Securities and Exchange Commission (SEC)**'s X account.

2. **Fake Tweet Details**  
Council is accused of collaborating with others to post a fake message from SEC Chair **Gary Gensler** about Bitcoin **ETFs** , leading to a temporary price spike of over **$1,000**.

3. **SIM Swap Technique**  
To execute the scheme, Council allegedly created a fake ID using the personal information of the SEC account holder and tricked **AT&T** into issuing a SIM card linked to the victim’s phone number.

4. **Gaining Account Access**  
Using the new SIM card, he was able to receive recovery codes and gain access to the SEC’s account, after which he returned the purchased iPhone to the Apple Store.

5. **Impact of the Incident**  
This case underscores the vulnerabilities in social media security and the potential for significant market manipulation through deceptive practices.

**Read more at:** [The Verge](https://www.theverge.com/2024/10/17/24272739/sec-fake-bitcoin-etf-tweet-fbi-arrest-eric-council)