How One Guy’s SIM Swap Prank Sent Wall Street Into a $50 Million Tailspin

Eric Council Jr. is about to find out what happens when you push “crypto bro” energy too far. The man allegedly SIM-swapped his way into the SEC’s X account in January 2024. That’s right—he used some classic “I’ll be needing that phone number, please!” social engineering and successfully convinced AT&T to hand over the SEC’s digits. It’s like Ocean’s Eleven if Danny Ocean only targeted nerds on Telegram.

Once inside, Eric (a.k.a. “easymunny”—because of course) and his globetrotting hacker pals announced the approval of a spot Bitcoin ETF. Spoiler: The only thing “approved” was the total meltdown of the crypto market. Bitcoin shot up $1,000, then promptly fell $2,000, because “HODL” apparently stands for “Hang On, Don’t Lose…oh, never mind.” 🚀💥

The fake post racked up a million views, making it the most excitement the SEC’s account has ever seen, and the agency had to clean up the mess 15 minutes later. Meanwhile, Eric started frantically Googling “Does the FBI check Google?” and “How to vanish from Telegram (asking for a friend).”

Prosecutors raided his life in June 2024—home, car, wardrobe full of crypto hoodies, you name it. Turns out, deleting messages isn’t quite Mission: Impossible if you talk about international SIM-jacking with every keyboard warrior outside the U.S. He made fake IDs (because why commit one felony when you could do five?) and allegedly raked in $50K for his services—charging $1,200–$1,500 per hack, which sounds like a Black Friday deal if you’re into felonies.

Police nabbed him mid-operation at an Apple Store on June 12, 2024, proving once and for all that nothing good ever happens at the Genius Bar. Sadly, his attempts to erase digital evidence went about as well as Facebook’s stock in 2022. Six days later, agents found enough fake docs and chat logs to make even the most optimistic defense lawyer say, “Next client, please.”

Eric pleaded guilty to conspiracy and access device fraud. The kicker? The SEC wasn’t using two-factor authentication because X Support had a case of “What’s the worst that could happen?” syndrome. Prosecutors want to lock Eric up for two years—a sentence shorter than your average crypto bull market.

So, kids, let this be a lesson: If your side hustle can wipe out tens of millions with a single tweet… maybe it’s time to update your LinkedIn.

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2025-05-13 14:06