Hacker suspected of hacking SEC social media accounts may be fined $50,000 in plea deal

hacker Eric Council Jr., who is suspected of invading the social media accounts of the US Securities and Exchange Commission (SEC) and posting content, may be fined $50,000 in a plea agreement. It is reported that US law enforcement agencies have proposed a plea agreement to him, requiring him to pay $50,000 of his "personal income." In January 2024, Council gained control of the SEC's X account through SIM card swapping and then posted false news claiming that SEC Chairman Gary Gensler had approved a spot Bitcoin ETF.