The hacker of the SEC X account theft case was sentenced to 14 months in prison.

On May 17, this Friday, the hacker behind the "SEC X account theft case" from earlier this year was sentenced to 14 months in prison. The man had falsely claimed that the SEC had approved a Spot Bitcoin ETF using the SEC account in January this year (the SEC released the actual approval announcement less than 24 hours later). 26-year-old Eric Council pleaded guilty to conspiracy to commit identity theft in February this year. Court documents revealed that the identity involved belonged to a U.S. Securities and Exchange Commission (SEC) employee named "CL," who had access to the agency's X account. Council admitted to impersonating CL to take control of their phone number, thereby gaining control over the SEC's X account. His accomplice ultimately paid him Bitcoin and other Crypto Assets worth $50,000.