FBI Arrests Suspect in SEC Twitter Hack That Pumped Bitcoin

Title: FBI Arrests Suspect in SEC Twitter Hack That Pumped Bitcoin

The Federal Bureau of Investigation (FBI) has arrested a man and charged him over hijacking the Twitter account of the Securities and Exchange Commission (SEC), using the account to tweet prematurely in January that the agency had approved Bitcoin ETFs. The false statement led to a spike in the price of Bitcoin, which then plunged by $2,000 once the announcement was refuted. Eric Council Jr. of Athens, Alabama was arrested and charged with the crime. Authorities allege that the 25-year-old used a "SIM swapping" technique to take over a phone number and ultimately gain unauthorized access to the SEC's Twitter account.