A cybercriminal in Alabama, suspected of hacking into the US Securities and Exchange Commission’s (SEC’s) X account, has been arrested. He is accused of using the compromised account to post fake messages, causing the value of Bitcoin to boost by $1,000.
Hacker Eric Council Jr, also known as “EasyMunny” and “AGiantSchnauzer,” was allegedly able to secure the credentials for the SEC’s X account through a method called “Sim Swapping.” The council created a fake ID using the stolen personal information of someone who had access to the X account. With the fake ID, he was able to purchase a SIM card linked to the victim’s phone in a cellphone provider store in Alabama, giving Council access to the victim’s personal information and log-in credentials.