Oh No, Not *Again* 🤑

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Let’s be honest, the internet’s a wild place, right? Like, we’ve all seen those blurry photos of Bigfoot, but did you know someone actually tried to impersonate the SEC on X (formerly Twitter)? 🤯 Apparently, Eric Council Jr., a guy who probably thought he was the next Kevin Mitnick, tried to pull off this epic prank by posting a fake message about the SEC approving spot Bitcoin ETFs.

The feds weren’t exactly amused, though. They caught him red-handed (or should I say, red-typed?) and now he’s facing a possible $50,000 fine and two years in the slammer. Talk about a bad investment strategy! 🙄

Council and his merry band of hackers managed to temporarily hijack the SEC’s X account using a SIM swap attack. Honestly, it’s like something out of a cheesy spy movie, but instead of laser beams and underwater lairs, they used nothing but a few phone numbers and a whole lot of audacity. They even went so far as to create a fake image of then-SEC Chair Gary Gensler announcing the Bitcoin ETF news.

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But the SEC, bless their bureaucratic souls, caught wind of the shenanigans and removed the post pretty quickly. In fact, they officially approved spot Bitcoin ETFs less than 24 hours later. Talk about a case of “fake it till you make it”!

Council’s been out on bail since his arrest in October 2024, apparently enjoying his newfound “celebrity” status. He even got to travel out of the jurisdiction for the holidays. Can you imagine? Being accused of hacking the SEC and still getting to go on vacation? Talk about a first-world problem. 🙄

It’s unclear when he’ll be back in court to face the music, but we’ll be sure to keep you updated on this juicy tale of crypto crime and government bureaucracy. Stay tuned! 😉

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2025-02-10 18:41