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U.S. prosecutors are preparing to offer a plea deal to Eric Council Jr., a 25-year-old man from Alabama, who is accused of hacking the Securities and Exchange Commission's (SEC) social media account in January. Council allegedly made a false announcement claiming that the first-ever spot Bitcoin exchange-traded funds (ETFs) had been approved. This case marks the first stand-alone crypto tax fraud case leading to a guilty plea, as reported by legal sources. The details of the plea deal have not yet been disclosed, but it is expected to unfold in upcoming hearings.
US PROSECUTORS EXPECTED TO OFFER PLEA DEAL TO ALLEGED SEC HACKER During a hearing, U.S. prosecutors announced their intention to offer a plea deal to Eric Council Jr., the Alabama man accused of hacking the SEC’s social media account. Council, 25, allegedly took over the SEC’s… https://t.co/3NdZ6SHXSX
SEC SOCIAL MEDIA HACKER FACES PLEA DEAL OFFER AS BITCOIN ETF FALSE ANNOUNCEMENT CASE UNFOLDS Prosecutors are preparing a plea deal for Eric Council Jr., charged with hacking the SEC’s X account in January and falsely claiming that spot bitcoin ETFs were approved. The fake… https://t.co/FAJHZ0gsRT
Prosecutors expected to offer plea deal to alleged SEC hacker who falsely said Bitcoin ETFs were approved https://t.co/oMVBEvmdil
